Levi Strauss, a renowned Berkeley institution, reported $1.4 billion in net revenue for Q2, reflecting an 8% year-over-year growth. Despite this growth, the company missed its quarterly revenue estimates, leading to a 16% drop in its stock price. The company's direct-to-consumer (DTC) growth accelerated during the quarter, and wholesale performance also improved. Additionally, the rising popularity of Western wear has resulted in a doubling of sales for Levi's denim skirts. Levi Strauss executives noted that the trend of consumers opting for top-to-bottom denim looks is contributing to this boom.