The last several earnings reports have sent Levi’s bouncing all over the place. Next week’s earnings report estimates lower revenue than the fourth quarter of 2025.

I think there is a 30% tariff on Chinese cotton that will continue to eat into Levi’s bottom line. If the company provides positive language about tariffs, they could rise. If the language around tariffs is negative they are likely to decline. If they reacquire low-tariff cotton, that could be a game-changer as well.

Personally, I am hoping for a sell-off on the earnings call, and then a correction to match the 50 D SMA. I think there is room for growth if not a lot.

It is a strong brand with huge revenues.

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