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.
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