Levi Strauss (LEVI) Earnings Q2 2023: Impressive Revenue Growth and Raised Guidance
stocks declined on Thursday as investors digested the latest earnings report from Levi Strauss (LEVI). The company reported better-than-expected results for the second quarter of 2023, with revenue of $1.3 billion, up 156% year-over-year. Levi Strauss also raised its full-year guidance, citing strong demand for its denim products. However, the stock fell more than 5% in after-hours trading as some investors were disappointed with the company's gross margin, which came in below expectations. Overall, Levi Strauss had a solid quarter, but concerns about margin pressure remain.
