Levi Strauss sees delay in hitting $10B revenue goal, FT reports

Levi Strauss CEO Michelle Gass told The Financial Times that it will take longer than expected to reach an existing revenue target of $9B-$10B by 2027 after the high cost of living put pressure on consumers, Laura Onita reports. Gass says the company will “do our homework again” before investors a more precise timeline because “since those (initial) goals were shared, there has been a lot of disruption in the industry.” Finance and growth chief Harmit Singh said that “In terms of the timing, we’ll announce it, probably, you know, about a year from now, but it will be pushed out a couple of years,” blaming flat revenues over the past 18 months largely on “consumers being under pressure, especially in the western world.” Gass is confident “that we’re going to get there (10B), because I just see so many opportunities across the board.”