Levi Strauss' Fiscal Year Guidance
This is a Singh news story, published by CNBC, that relates primarily to Levi Strauss news.
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strong sales increasesCNBC
•Business
Business & Economics
Levi beats earnings estimates but expects pressure this year from strong U.S. dollar
75% Informative
Levi Strauss beat Wall Street's expectations on the top and bottom lines but expects sales to slow next year .
The denim maker has been making inroads with women and growing direct-to-consumer sales.
But stripping out currency exchange rates and one fewer selling week, it anticipates revenue will grow.
Shares fell about 4% in extended trading.
So we work internally with our suppliers, we look at our cost base, we look at other pricing opportunities and if we cannot cover it, obviously we got to protect the structural economics of the business," said Singh . "At that point, we'll decide, you know, what should be passed on to the consumer or not, but we won't start from that. That's where we will end.".