Stock Movers: Levi Strauss, WD-40, PriceSmart

Scott Peters
11 Jul, 2025
New York City

Levi Strauss & Co. increased 1.7% to $19.73 after the apparel and jeans company reported nearly a four-fold increase in quarterly earnings.

Consolidated revenue in the June quarter increased to $1.4 billion from $1.3 billion, net income jumped to $67 million from $18 million, and diluted earnings per share rose to 17 cents from 4 cents a year ago.

For the six-month period, revenue edged higher to $3 billion from $2.8 billion, net income soared to $202 million from $7.3 million, and diluted earnings per share advanced to 51 cents from 2 cents a year ago.

Geographically, in the Americas, net revenues increased 5% on a reported basis and 9% on an organic basis. 

Organic revenue in the U.S. grew 7%, and the Levi’s® brand sales were up 9% globally.

The company's annual revenue guidance is based on the U.S. tariff rate of 30% on imports from China and 10% for the rest of the world for the remainder of the year and excludes the discontinued operations of Dockers.

The company revised higher annual revenue growth to between 1% and 2%, up from the previous estimate of a decline between 1% and 2%.

The organic net revenue growth range was raised to an increase between 4.5% and 5.5%, up from the previous range between 3.5% and 4.5%.

Gross margin expansion was revised to 80 basis points, lower than the previous estimate of up to 100 basis points, due to a 20-basis-point impact from tariffs, including cost control measures. 

The company revised its adjusted diluted earnings per share higher by 5 cents to between $1.25 and $1.30, up from the previously estimated range between $1.20 and $1.25.

The company returned approximately $51 million to shareholders through dividends in the second quarter, an 8% increase from a year ago, representing a dividend of $0.13 per share.

As of June 1, the company had $560 million remaining under its current share repurchase authorization.

The company declared an increase in the dividend to $0.14 per share for the third quarter, totaling approximately $55 million, payable on August 8.

WD-40 Co. declined 2.1% to $224.90, and the maintenance products maker reported a 5% rise in its earnings in the fiscal third quarter ending in June.

Consolidated revenue in the quarter increased to $156.9 million from $155 million, net income inched higher to $21 million from $19.8 million, and diluted earnings per share rose to $1.54 from $1.46 a year ago.

For the six-month period, revenue edged higher to $456.5 billion from $434.6 billion, net income soared to $69.8 million from $52.9 million, and diluted earnings per share advanced to $5.13 from $3.88 a year ago.

The company guided full-year net sales growth to narrow to between 6% and 9%, or $600 million and $620 million, after adjusting for estimated translation impacts of foreign currency.

Gross margin for the full year continues to be expected to be between 55% and 56%.

The company estimated the income tax rate to be around 22.5%.

The diluted earnings per share estimate was revised higher to between $5.30 and $5.60 based on an estimated 13.5 million weighted average shares outstanding. 

This new range reflects anticipated growth of between 12% and 18% compared to 2024.

The company’s board of directors declared a regular quarterly dividend of $0.94 per share payable on July 31 to stockholders of record on July 18.

PriceSmart Inc. increased by 0.7% to $107.70 after the warehouse club operator reported an 8% rise in its earnings in the fiscal third quarter ending in June.

Consolidated revenue in the June quarter inched higher to $1.3 billion from $1.2 billion, net income increased to $35.1 million from $32.5 million, and diluted earnings per share rose to $1.14 from $1.08 a year ago.

For the nine-month period, revenue advanced to $3.8 billion from $3.6 billion, net income soared to $166.3 million from $109.8 million, and diluted earnings per share edged higher to $3.80 from $3.62 a year ago.