Levi Strauss cuts annual forecasts as promotions, wholesale weakness weigh
© Reuters. FILE PHOTO: The Levi's logo is seen on a shirt in a Levi Strauss store in New York City, U.S., March 19, 2019. REUTERS/Brendan McDermid/File Photo -Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimate, as the denim maker reels from hefty promotions and falling sales at its wholesale channels in North America.
"Given the ongoing uncertainty in the macro environment, we are taking a cautious approach to our outlook for the fourth quarter," said Harmit Singh, chief financial and growth officer. Levi forecast revenue to be flat to up 1% in fiscal 2023, compared with prior estimate of 1.5% to 2.5% growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How much are last-minute 49ers vs. Cowboys tickets at Levi's Stadium?The rivals are meeting for the first time since the 2022-23 NFL playoffs.
Read more »
Economists blast 49ers' report on Levi's Stadium's local impactThe San Francisco 49ers released an economic impact report Monday, which said Levi's Stadium has generated “more than $2 billion” for the local community.
Read more »
Something went wrong. Please disable your blocker on Screen Rant.The Walking Dead: Daryl Dixon star Romain Levi explains why Daryl and his character, Codron, can't be friends after what Daryl did to his brother.
Read more »
The 50 Best Early Amazon October Prime Day Deals — Up to 75% OffAmazon’s Prime Big Deal Days sale event begins next week, but there are already incredible fashion, beauty, home, and tech deals available now. We rounded up the 50 best upcoming Amazon Prime Day deals from Levi’s, Gap, L’Oréal Paris, Apple, Dyson, and more for up to 75 percent off.
Read more »
DraftKings Kentucky promo code: $1,250 total bonus for MLB Playoffs, NFL Week 5Online betting has never been easier! Get expert tips on daily odds, picks, promo codes and much more!
Read more »
Beastars Creator Celebrates the Teenage Mutant Ninja Turtles in New PromoBeastars creator Paru Itagaki is hyping the Teenage Mutant Ninja Turtles in a new sketch.
Read more »