Levi Strauss slumps on second-quarter revenue miss as wholesale business remains weak [Yahoo! Finance Canada]
Abercrombie & Fitch Company (ANF)
Last abercrombie & fitch company earnings: 3/4 07:30 am
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Source: Yahoo! Finance Canada
The company's wholesale revenue fell by a mid-single digit percentage, while sales at its direct-to-consumer (DTC) unit jumped 12% in the quarter ended May 26. "It was a good quarter but expectations were high with category tailwinds expected to drive strong results," said Citi Research analyst Paul Lejuez, adding that the wholesale business is still holding the company back. Levi Strauss has been grappling with choppy demand in its wholesale business as retailers have remained cautious about restocking against the backdrop of consumers being careful with their spending. ADVERTISEMENT Consequently, gains from Levi's more profitable DTC business, which has focused on bringing in trendier styles and selling products at full prices, fell short of boosting overall revenue in the quarter. Company executives also blamed weak performance of its Dockers brand, known for its chinos and khakis, for hurting Levi's top line. Levi Strauss' median price-to-earnings multiple for the nex
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ANF
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- 5/29/24 - Beat
ANF
Sec Filings
- 6/28/24 - Form 8-K
- 6/14/24 - Form 4
- 6/14/24 - Form 4
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