Reported 14 days ago
Levi Strauss has announced a delay in its revenue target of reaching $10 billion by 2027 due to rising living costs affecting Western consumers, despite plans to expand store openings. The company reported net revenues of $6.2 billion for the year ending November 26, 2023, and CEO Michelle Gass indicated that they would reassess their timeline before presenting an updated revenue goal to investors.
Source: YAHOO