Page 10 - Chip Bergh News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Levi Strauss & Co. reported quarterly revenue that missed expectations as performance at retailers including department stores dragged down results, leading the company to cut its full-year sales outlook. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future

The denim giant’s DTC business continues to grow, but not fast enough to offset wholesale declines.

Q3 Net Revenues in Line With Prior Year, With 14% Growth in Global DTC Gross Margin of 55.6% Exceeded Q3 Outlook Continued Sequential Improvement in Inventory; Up 1% to Prior Year on a Comparable...

Levi Strauss & Co (NYSE: LEVI) shares are trading lower in Thursday's after-hours session after the company reported third-quarter earnings.

Levi Strauss is remaking itself as a global lifestyle brand, while also growing the interest in its signature jeans.