Levi Strauss Raises Fiscal-Year Guidance as Turnaround Bears Fruit
Levi Strauss & Co. has upgraded its fiscal-year guidance following a strong quarterly performance that included 14% revenue growth and higher profits. The apparel giant attributes this success to robust sales expansion across various channels, regions, and product categories, signaling that its strategic turnaround efforts are yielding positive results. In addition to the financial update, the company announced it has initiated a search for a successor to Harmit Singh, its Chief Financial and Growth Officer. Singh plans to transition into a special adviser role before his retirement. This announcement comes from the San Francisco-based company, which continues to navigate the competitive retail landscape with renewed momentum.
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Levi Strauss Raises Fiscal-Year Guidance as Turnaround Bears Fruit
Levi Strauss & Co. has upgraded its fiscal-year guidance following a strong quarterly performance that included 14% revenue growth and higher profits. The apparel giant attributes this success to robust sales expansion across various channels, regions, and product categories, signaling that its strategic turnaround efforts are yielding positive results. In addition to the financial update, the company announced it has initiated a search for a successor to Harmit Singh, its Chief Financial and Growth Officer. Singh plans to transition into a special adviser role before his retirement. This announcement comes from the San Francisco-based company, which continues to navigate the competitive retail landscape with renewed momentum.
WSJ.com: US Business