Reported 4 days ago
Levi Strauss & Co. has cut its full-year outlook, causing its stock to fall, but CFO Harmit Singh expressed optimism about the company's fundamentals during a discussion with Yahoo Finance. He noted that while revenue was at the lower end of expectations, the company's profitability is improving, with significant growth in the women's segment and overall brand strength. Despite challenges in specific regions and the Dockers brand, Singh remains positive about consumer resilience and the denim market's momentum.
Source: YAHOO