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Levi Strauss stock falls 5% as outlook is cut following inventory issues

Por: MarketWatch Business July 07, 2023

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The company said it expects revenue to grow by 1.5% to 2.5% year over year, compared with a previous forecast of 1.5% to 3% growth, with adjusted earnings of $1.10 to $1.20 a share, down from the previous forecast of $1.30 to $1.40 a share. The outlook “also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, supply-chain disruptions or currency impacts,” the company said. Analysts, on... + full article



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