Wall Street Breakfast Podcast: Levi's Frayed Forecast

Levi Strauss & Co. ( LEVI ) beat on revenue and profit. Shares fell anyway. Monster sets the date for a 2-for-1 split. Burry bets on betting. Shares of Levi Strauss & Co. ( LEVI ) are under pressure. LEVI reported a top- and bottom-line beat in the second quarter but it was overshadowed by the company’s conservative outlook for the fiscal year that continued to reflect significant headwinds from import tariffs. As the company pivots to a direct-to-consumer-focused business model, an 11% increase in DTC sales and solid gains in U.S., Europe, and Asian sales contributed to $1.56B in total revenue, an increase of 7.6% year-over-year and $80M better than expected. Wholesale sales were up 5%. The company’s bottom-line improved as well, with adjusted net income increasing 24% to $110M, or $0.28 per share, 4 cents above expectations. Looking ahead to the remainder of 2026, Levi’s ( LEVI ) outlook left investors disappointed that Q2 results did not lead to a larger upward revision. In addition, the company warned that 2026 guidance assumes U.S. tariffs on imports from China remain at 30% and 20% for rest-of-world. Shares are down 6% in early trading. Monster Beverage ( MNST ) announced that its board of directors has approved and declared a 2-for-1 split of its common stock. Each stockholder of record on July 24, 2026 will receive a di...