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Levi’s Cuts Profit Outlook Following Decline in Sales

Levi Strauss shares fell 7% on Friday after the company decided to cut its full-year profit outlook. The decision came after the fashion retailer suffered a 22% year-over-year decline in sales. In addition to its crippling sales figures, the company attributed its decision to slash...

Levi Strauss & Co. Shares See a Record Drop Amid Declining Gross Margin

Clothing company Levi Strauss & Co. delivered a first-quarter earnings report with lots of positives on Thursday, but the company’s stock has still seen a record drop. So what happened? Levi managed to top the net revenue estimates of $1.62 billion by coming at $1.69...