Levi’s beats Wall Street’s expectations
January 26, 2023
Levi Strauss posted fourth-quarter sales of $1.59 billion, beating Wall Street’s expectations of $1.57 billion. The denim giant’s earnings of 34 cents per share were also ahead of the 29 cents expected by analysts. The company’s direct-to-consumer sales fell two percent during the quarter as it closed nearly all its shops in Russia.
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