Levi Strauss & -Levi’s revenue grows despite continued tariff headwinds

This audio is auto-generated. Please let us know if you have feedback Dive Brief:Levi Strauss & Co.’s fourth quarter net revenues increased 1% year over year to $1.8 billion, per a Wednesday press release. In the Americas region, net revenues decreased 4%, with the U.S. specifically dropping 7%.The brand’s DTC revenues grew 8% while wholesale declined 5%, and net income dropped about 11% to$ 160 million. The company’s gross margin decreased from 61.8% last year to 60.8% mostly due to tariffs, though this w ...