We recently published 10 Stocks Jim Cramer Discussed As He Commented On Latest Tariffs. Levi Strauss & Co. is one of the stocks Jim Cramer recently discussed.
Levi Strauss & Co. is one of the most well-known apparel companies in America. Its shares have gained 26% year-to-date, helped by an 11% jump in July. Levi Strauss & Co.’s stock soared after the firm’s fiscal second quarter earnings report saw it guide 1.5% midpoint 2025 revenue growth, which was higher than the 1.5% drop that the firm had forecast earlier. Cramer’s previous remarks about the firm praised it before the earnings report was released. Here’s what he said on Friday:
“Look we saw it last night, Michelle Gass told me at Levi, look we’re gonna be able to overcome it cause they have, they can take price cause Levi’s is a great brand.
“Michelle Gaus is doing a great job, now a lot people say who wouldn’t cause its denim. Give me a break. She’s cut the number of SKUs. She got rid of Dockers, Europe is going double-digit. They are in the sweet spot, so the tariffs didn’t even matter. Sells at 16 times earnings. It goes higher. It’s just a great story.”
A stylishly dressed man wearing jeans and a jacket from the company, smiling confidently.
This wasn’t the first time Cramer had praised Gass. Back in April, he commented:
“She’s trying to figure out what to do where. But what matters is they have tremendous organic growth. Management reiterated their earnings per share guidance of $1.20, $1.25. Our friend Matt Boss has a terrific piece out saying it’s the early innings. Upgrades to overweight. Don’t forget they have a 3.8% yield. And denim is doing incredibly well. And you come into stocks at 10 times earnings. This is the kind of thing that I like. Stock that is just being crushed where the fundamentals are actually improving. And there are enough out there that you just have to find them. So I like Levi Strauss very much. And look, I think that their direct-to-consumer initiative is very strong.”
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
