Levi Strauss forecasts annual profit below estimates as tariffs bite

By Savyata Mishra (Reuters) -Levi Strauss raised its full-year profit forecast on Thursday but fell short of Wall Street expectations owing to costs linked to U.S. import tariffs, sending shares of the denim maker down 7.5% in extended trading. The retailer has taken steps including securing about 70% of its holiday inventory ahead of schedule and raising prices modestly, executives said in a post-earnings call, to cushion the blow from U.S. President Donald Trump's shifting tariff policies. Still, thos ...