Russia’s war eats into Levi Strauss’ top line
Inside Retail
APRIL 3, 2024
Levi Strauss & Co reported a weaker top line for the first quarter of FY24, which was attributed to the impact of its Russia business as well as a shift in wholesale shipments. On the bottom line, the company swung to net loss of $11 million from net income of $115 million in the prior year.
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