Levi Strauss (LEVI) Q3 2023 Earnings: What to Expect

Levi Strauss has once again lowered its full-year sales forecast as it missed revenue expectations and faced weaker shopping trends at department stores and big-box retailers in the US. The company cited inflation, rising mortgage rates, and gas prices as factors affecting consumer spending. Levi's direct-to-consumer business and international sales have been stronger, but its wholesale business has seen declines in North America and Europe. The company is looking to expand in international markets and capitalize on its fashion reputation by selling more types of clothing. Levi's CEO is cautiously optimistic about the upcoming holiday season and expects a slightly less promotional environment compared to last year.