Q2 2023 Earnings Report for Levi Strauss (LEVI)
Levi Strauss, a prominent apparel retailer, delivered disappointing news on Thursday as it significantly reduced its profit forecast for the year due to a sharp decline in wholesale revenues and weak sales in the U.S., its largest market. Despite this setback, the company experienced positive performance in its direct-to-consumer sales and the Chinese market. Consequently, …