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Market Chatter: Levi Strauss Flags Delay in Reaching $10 Billion Revenue by 2027
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Market Chatter: Levi Strauss Flags Delay in Reaching $10 Billion Revenue by 2027
Sep 24, 2024 3:16 AM

05:47 AM EDT, 09/24/2024 (MT Newswires) -- Levi Strauss (LEVI) flagged a delay to its target of reaching $9 billion to $10 billion in revenue by 2027 as its Western customers face a higher cost of living, the Financial Times reported Tuesday, citing Chief Executive Michelle Gass.

According to the report, Gass said the sector has seen "a lot of disruption" since the company announced its revenue target and Levi Strauss will do its "homework" again before giving a new timeline to investors.

Levi Strauss did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 20.48, Change: +0.06, Percent Change: +0.29

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