Levi Strauss' existing target to hit $9 billion to $10 billion in revenue by 2027 would be pushed back, the Financial Times reported on Tuesday.

Key Takeaways Levi Strauss posted a stylized image resembling Beyonce's "Cowboy Carter" album cover on Instagram that may hint at a collaboration with the superstar.Levi's CEO Michelle Gass reportedly pushed back the company's goal of reaching $9 billion to $10 billion in annual revenue by 2027.

Levi Strauss (NYSE:LEVI) warned about a delay in reaching its sales target of $10B, originally set for 2027, the Financial Times reported. The company cites various challenges it is facing in the market,

Levi Strauss' target of hitting $9 billion to $10 billion in revenue by 2027 would be pushed back as rising costs of living hits Western consumers, even as the company expands store openings, the Financial Times reported on Tuesday.

Levi Strauss & Co. warned of a delay in achieving its goal of reaching $10 billion in revenue by 2027 due to rising costs in Western countries. The clothing company is dealing with rising costs of living that hit Western consumers.