Levi Strauss & Co has shut about half of its stores in China due to the outbreak...
) warning of a financial hit from slowing business in the world’s most populous country. Earlier this week, Starbucks also said it closed about half its stores in China.Singh said the coronavirus impact was not baked into the company’s full year forecast, but will be quantified when it reports first quarter results in April.
Singh pointed to the strong start to 2020 fiscal year, saying Levi’s had “hit the ground running” during the crucial holiday shopping season. Fourth quarter net revenue fell 1.4% to $1.57 billion, compared with analysts’ estimates of $1.58 billion, according to IBES data from Refinitiv.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Starbucks sees hit as coronavirus prompts over 2,000 China store closuresStarbucks Corp on Tuesday became the first major U.S. company to warn of a finan...
Baca lebih lajut »
China shuts down movie theaters during Wuhan coronavirus outbreak - Business InsiderChina has shut down most of its movie theaters in response to the Wuhan coronavirus and it could have massive repercussions on the film industry
Baca lebih lajut »
Anti-China sentiment spreads along with coronavirusThe coronavirus outbreak has stoked a wave of anti-China sentiment around the gl...
Baca lebih lajut »