Levi Strauss & Co's Q2 revenue decreased 9% YoY to $1.337 billion, narrowly missing the consensus estimate of $1.34 billion. The company reported quarterly adjusted earnings of 4 cents per share, beating analyst estimates of 3 cents per share. Inventories increased 18% YoY, and the company ended the quarter with $472 million in cash and equivalents, and total liquidity of $1.3 billion. Levi expects full-year 2023 net revenues to grow between 1.5% and 2.5%, and earnings to be between $1.10 and $1.20 per share. The company's shares were down 7.10% after hours.