Levi Strauss lifts outlook after tariff refunds aid business
Levi Strauss said it is using part of its tariff refunds to support demand generation, marketing and supply-chain capabilities after its direct-to-consumer business disappointed in the third quarter. The company raised full-year adjusted EPS guidance to $1.54 to $1.56 from $1.46 to $1.52 and kept sales growth guidance at 7% at the low end of prior range.
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10:22:05 PM UTC
SquawkNews
By Katherine HamiltonLevi Strauss said it is using a portion of its tariff refunds to reignite its direct-to-consumer business, after the segment disappointed in the third quarter.Levi's direct-to-consumer business fell short of internal expectations due to lower sales in the U.S. and Europe, Chief…