Reported about 12 hours ago
Levi Strauss & Co. reported fourth-quarter revenues that surpassed Wall Street expectations, achieving record gross margins and a 12% revenue increase. CFO Harmit Singh shared insights on the company's strong holiday performance and growth in women's denim and direct-to-consumer sales, projecting organic growth of 3.5 to 4.5%. Despite concerns about macroeconomic factors and foreign exchange fluctuations, Singh noted that the impact of proposed tariffs is minimal, with direct imports from China and Mexico being less than 1% and around 5%, respectively. The company maintains confidence in its market leadership.
Source: YAHOO