Levi Strauss (LEVI) earnings Q2 2023


Levi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales in the U.S., its largest market. 

The blue jean seller saw bright spots, however, in its direct-to-consumer sales and China market.

Shares dropped more than 6% in extended trading.

Here’s how the company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:

  • Earnings per share: 4 cents, adjusted, vs. 3 cents expected
  • Revenue: $1.34 billion vs. $1.34 billion expected

The company’s reported net loss for the three-month period that ended May 28 was $1.6 million, or…

Source cnbc.com

0 0 votes
Article Rating

Job openings fall by half a million

Previous article

Payrolls report Friday likely to show a jobs market that is still hot

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings