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Levi Strauss Stock Falls 4% Before Earnings as Applied Digital Reports

Levi Strauss & Co. Investor Relations2 min read6 sources

Why is Levi Strauss stock down today?

Levi Strauss (LEVI) stock fell nearly 4% to $19.78 on Wednesday ahead of earnings, as investors waited to see if it can extend an 11-quarter profit-beat streak.

Key numbers

Levi Strauss EPS estimate$0.36+5.9% YoY
Levi Strauss revenue estimate$1.61B+4.5% YoY (another source: $1.62B)
Levi Strauss EPS beat streak11 quartersShares fell after 3 of last 4 reports (per [1])
Levi Strauss options-implied move±8.2%Shares at $19.78, -3.65% today (per [1])
Applied Digital EPS estimate-$0.29Estimates range -$0.25 to -$0.30
Applied Digital revenue estimate$134.1M+108.8% YoY (other estimate: $111.2M)

What happened

Levi Strauss (LEVI) stock fell nearly 4% to $19.78 on Wednesday ahead of earnings, as investors waited to see if it can extend an 11-quarter profit-beat streak. Analysts expect profit of $0.36 per share on $1.61 billion in sales, about 4.5% more than a year ago. Applied Digital (APLD), which builds data centers for AI, also reports after the close, with analysts expecting a loss of about $0.29 per share as new borrowing and building costs weigh on profit. Neither company's results were available in the sources checked at publication time.

Why it matters

Levi Strauss is a clear test of whether shoppers are still spending on everyday clothes while tariffs (taxes on imports) push up costs. The company raised its full-year profit forecast (guidance) in July to $1.46 to $1.52 per share, so any change now will be closely watched. Applied Digital shows the other side of the market: AI data-center builders are growing fast but borrowing heavily, and its stock is down about 20% in three months.

Who this affects

Marketmixed
Medium impact
Investors get a read on consumer spending and AI building.
Companymixed
Medium impact
Levi shareholders face an 8.2% implied swing either way (per).
Competitorsneutral
Low impact
Other apparel makers may follow Levi's tariff and demand signals.
Industrymixed
Medium impact
AI data-center builders face scrutiny over debt and losses.

Levi Strauss vs Applied Digital

Levi StraussLEVI$7.6B-19.9%13.2x$0.36
Applied DigitalAPLD$7.4B-20%—-$0.29

As of 2026-10-07

How we got here

  1. Levi Strauss raises 2026 adjusted EPS outlook to $1.46–$1.52 after Q2 beat.

  2. Levi Strauss due to report fiscal Q3 after the close, 4:10 PM ET.

  3. Applied Digital due to report fiscal Q1 after the close.

What to watch

  • Whether Levi Strauss lifts its $1.46–$1.52 EPS outlook; UBS expects $1.48–$1.54 (per)2026-10-07
  • Applied Digital's interest costs after $2.15B and $1.59B in new notes, plus customer concentration2026-10-07

Educational content only. Not investment advice.

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