It said it anticipates adjusted earnings per share to be on the low-end of the previously shared range of $1.10 to $1.20.
Those retailers, which buy wholesale items from Levi to carry on their stores and websites, have seen weaker discretionary sales.
For Levi, direct sales and international sales have been the stronger parts of its business.
Like Nike , Levi has tried to control its own destiny by driving more of its overall sales through its own stores and website.
Along with driving more direct sales, Levi is looking to expand in international markets.
Persons:
LEVI, Sean Gallup, Levi Strauss, Chip Bergh, Harmit Singh, Levi —, Levi, Bergh, Denizen, Michelle Gass, Chip Bergh Levi Strauss
Organizations:
Getty, U.S, CNBC, LSEG, Walmart, Target, Nike
Locations:
U.S, Target, Asia, America, North America, Europe, Mexico, India, Macy's