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Levi Strauss revenue tops estimates on strong demand, price hikes

BizTech WeeklyBy BizTech Weekly Apr 6, 2022

Levi Strauss & Co (LEVI.N) quarterly results beat Wall Street estimates on Wednesday. Shares of the jeans maker, which reaffirmed its revenue and profit forecast for 2022, rose about 2% in extended trading. The San Francisco-based company’s first-quarter revenue rose 21.8% to $1.59 billion. Supply chain-related issues cut revenue opportunities by about $60 million, or 5%, primarily in the United States. The company in March suspended commercial operations in Russia, including new investments, following the country’s invasion of Ukraine. The company suspended commercial. operations in. Russia following the invasion of. Ukraine, the company said in a filing it would review assets specific to Russian commercial business for impairment in the second quarter. . . .

Read more at www.reuters.com
BizTech Weekly
BizTech Weekly

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