Levi Strauss cuts annual profit forecast as consumers reduce apparel spending
October 7, 2022
Levi Strauss has reduced its annual profit forecast in the face of reduced consumer demand for its merchandise as a result of food and fuel inflation. The denim giant now expects to post a profit between $1.44 and $1.49 a share, down from its previous guidance ranging from $1.50 to $1.56.
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.