Levi Strauss & Co saw an 8 per cent drop in net revenues to $1.6 billion in Q1 FY24, with declines across all regions except Asia, which grew 5 per cent on a constant-currency basis.
DTC revenues rose 7 per cent, now 48 per cent of total net revenues, while wholesale suffered an 18 per cent fall.
Operating margin plummeted to 0.03 per cent from 9.3 per cent.Levi Strauss & Co saw an 8 per cent drop in net revenues to $1.6 billion in Q1 FY24, with declines across all regions except Asia, which grew 5 per cent on a constant-currency basis.
DTC revenues rose 7 per cent, now 48 per cent of total net revenues, while wholesale suffered an 18 per cent fall.
Operating margin plummeted to 0.03 per cent from 9.3 per cent.
US’ Levi Strauss & Co posts revenue of $1.6 bn in Q1 FY24
