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Levi Strauss warns of margin decline in 2023 as promotions, costs bite

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Levi Strauss warns of margin decline in 2023 as promotions, costs bite

Levi Strauss & Co on Thursday warned of a margin crunch this year as it would have to offer higher promotions than previously anticipated while also grappling with higher costs, sending its shares tumbling 16% in morning trade.

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Levi Strauss warns of margin decline in 2023 as promotions, costs bite

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Levi Strauss warns of margin decline in 2023 as promotions, costs bite

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