The news: Levi Strauss is walking back former CEO Chip Bergh’s long-term goal of $9 billion to $10 billion in revenues by 2027, per The Financial Times.
- The company reported net revenues of $6.2 billion in the year ended November 26, 2023—roughly flat from the previous year.
- Net income fell to $250 million, from $569 million the year before.