Levi Strauss & Co. shares were under pressure on Wednesday as investors awaited the apparel maker's third-quarter (Q3) 2026 earnings report, scheduled to be released after the US market closes.
Analysts expect the denim maker to report adjusted earnings of $0.36 per share and revenue of $1.61 billion for the quarter, representing a 4.5% increase from the year-ago period.
Strong demand for denim and growth across Europe, Asia and China are expected to support the company's quarterly performance. Analysts are also watching for a potential upward revision to Levi Strauss' full-year profit outlook.
Levi Strauss shares were trading 3.17%, or $0.65, lower at $19.88 at 10:21 a.m. EDT on Wednesday.
The stock is trading closer to its 52-week low of $17.92 than its 52-week high of $25.53. Shares are down 4.13% so far this year.