Levi's CEO Michelle Gass said in an interview that the popularity of wearing denim from "head-to-toe" is growing, with items like denim skirts and dresses seeing triple-digit sales growth. Historically, denim skirts and dresses were not big product categories for Levi's, but Gass said they are "exploding" in popularity now. The jeans maker reported quarterly earnings that beat expectations but missed slightly on revenue, and shares dropped nearly 13% after-hours. Gass is optimistic that momentum will increase in the second half of the year, seeing consumers as "resilient" about the denim category.
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00:00It's Benzinga, and here's what's on the block.
00:02Levi's CEO Michelle Gass said in an interview that the popularity of wearing denim from
00:07head to toe is growing, with items like denim skirts and dresses seeing triple-digit sales
00:12growth.
00:13Historically, denim skirts and dresses were not big product categories for Levi's, but
00:17Gass said they are exploding in popularity now.
00:20The jeans maker reported quarterly earnings that beat expectations but missed slightly
00:24on revenue, and shares dropped nearly 13 percent after hours.
00:28Gass is optimistic that momentum will increase in the second half of the year, seeing consumers
00:32as resilient about the denim category.
00:34For all things money, visit Benzinga.com.