Today, Levi Strauss & Co. announced financial results for our second quarter 2023, with Q2 net revenues down 9%, which is in line with our guidance, or down 2% after adjusting for the ERP-driven shift of revenue from Q2 to Q1.
“Our strong Q2 DTC and international results in a challenging environment demonstrate the resilience of our business model and the health of the Levi’s® brand globally,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co. “While U.S. wholesale remains pressured, we are pursuing initiatives to stabilize this business and drive market share gains. We are confident in our ability to navigate near-term headwinds and remain as optimistic as ever about the company’s future.”
Check out more key highlights from our latest results below. For full results, see the press release.