Levi's Sales Drop as Store Closures in Europe Weigh on Results, But Retailer Boosts Outlook for First Half of 2021

Levi Strauss & Co. reported a double-digit sales decline for its fiscal first quarter, as ongoing store closures in Europe weighed on results. But the denim maker boosted its sales and profit outlook for the first half of the year, assuming the global health crisis doesn't become worse from here.