An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019.Check out the companies making headlines after the bellafter the company reported a 4% decline in profits for its third quarter. The denim retailer pointed to struggling sales in its wholesale business in the Americas.
"U.S. wholesale was challenged ... particularly the legacy department stores and chain stores, where much publicized traffic declines have negatively impacted our business," CEO Chip Bergh said in an interview withThe lackluster profit comes despite the company's better-than-expected earnings for the quarter, posting earnings of 31 cents excluding items and revenue of $1.45 billion. Wall Street had expected earnings of 28 cents per share on revenues of $1.
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