By Juveria Tabassum(Reuters) -Levi Strauss fell in need of market expectations for second-quarter income on Wednesday, damage by uneven wholesale demand in america.Shares of the corporate have been down 12% in prolonged buying and selling after Levi additionally maintained its annual revenue and income forecast attributable to an hostile international trade affect, in addition to steeper advertising spend heading into the back-to-school and festive vacation seasons.Levi is pivoting to a direct-to-consumer enterprise and prioritizing higher-margin merchandise after a list glut final yr prompted a number of quarters of weak point in wholesale demand.Within the reported quarter, Levi’s U.S. wholesale income was down mid-single digits, though the corporate added the channel was “considerably extra worthwhile” than final yr attributable to improved stock ranges.”Our shopper is proving to be resilient. They’re coming into our shops and so they’re procuring on-line. There are indications … definitely there’s some stage of uncertainty as we glance into the again half of the yr and past,” mentioned Levi’s Chief Monetary Officer Harmit Singh on the post-earnings name.Nevertheless, the corporate executives mentioned the Dockers model, identified for its chinos and khakis, underperformed within the quarter, hurting Levi’s prime line.This undermined sturdy denim demand – pushed by full value gross sales in ladies’s clothes, as shoppers shopped for denim attire, tops and skirts.The corporate reported second-quarter adjusted revenue per share of 16 cents, beating expectations of 11 cents, and gross margin grew 180 foundation factors.Levi added in a post-earnings name it now expects fiscal 2024 web income development in fixed forex to be on the higher finish of its prior vary of 1% to three%.The corporate additionally maintained its forecast for annual adjusted revenue of $1.17 to $1.27 per share.Second-quarter web income of $1.44 billion fell shy of estimates of $1.45 billion, as per LSEG information.(Reporting by Juveria Tabassum; Enhancing by Krishna Chandra Eluri)