Levi Strauss nudges profit forecast higher following cost cuts, and shares are rallying

Shares of Levi Strauss & Co. rallied after hours on Wednesday after the jeans maker bumped its full-year profit forecast higher, helped by cost cuts and optimism from executives on demand for new as well as older products in the U.S. and abroad.

Previous post Nearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
Next post Fed’s Kugler expects inflation to slow further and result in rate cuts ‘this year’