Levi Strauss & Co. reports news around its global apparel business, which designs and markets jeans, casual wear and related accessories under the Levi's®, Levi Strauss Signature™ and Beyond Yoga® brands. Company updates commonly cover quarterly results, direct-to-consumer growth, regional and channel performance, product-category trends and guidance tied to its denim lifestyle strategy.
Recurring announcements also include capital returns through dividends and share repurchase programs, investor conference participation, leadership and board transitions, and portfolio actions such as the completed sale of the Dockers® brand. The company sells through chain retailers, department stores, online sites and its retail stores and shop-in-shops in markets worldwide.
Target Corporation (NYSE: TGT) announced a new limited-edition collection in collaboration with Levi Strauss & Co. (NYSE: LEVI), marking Levi's first Home partnership. This collection, launching on Feb. 28, 2021, includes over 100 durable and thoughtfully-designed items such as tableware, quilts, and pet apparel, priced from $3 to $150. The partnership aims to inspire sustainable living while offering unique products unavailable elsewhere. Target plans to feature curated displays in 500 stores by Fall 2021, emphasizing their commitment to strategic partnerships to enhance customer offerings.
Levi Strauss & Co. (NYSE: LEVI) will hold a conference call on January 27, 2021, at 2:00 p.m. PT to discuss its fourth quarter financial results for the period ending November 29, 2020. The call will feature insights from Chip Bergh, CEO, and Harmit Singh, CFO. Investors can access the live webcast through Levi's investor relations website or by dialing in. A replay will be available for one quarter. The company, a leader in jeanswear, had net revenues of $5.8 billion in 2019.
Levi Strauss & Co. (NYSE: LEVI) has appointed Elliott Rodgers to its board of directors, effective immediately. Rodgers, currently the chief information officer at Ulta Beauty, brings over a decade of retail experience, particularly in ecommerce and supply chain management. His leadership in digital transformation and operational excellence is expected to enhance Levi's direct-to-consumer strategy. Rodgers holds a B.S. from West Point and an MBA from Harvard. This appointment aims at leveraging his expertise to innovate product delivery methods and strengthen the company's market position.
Levi Strauss & Co. (NYSE: LEVI) will participate in a fireside chat at the J.P. Morgan Global Consumer, Retail & Luxury Conference on November 12, 2020, at 11:00 a.m. ET. Chip Bergh, President and CEO, and Harmit Singh, CFO, will represent the company. The event will be held virtually, and a live webcast can be accessed via their website, with a replay available within 24 hours until December 9, 2020. Levi Strauss is a leader in jeanswear, reporting $5.8 billion in net revenues for 2019.
Levi Strauss & Co. (NYSE: LEVI) announced that CFO Harmit Singh will join a virtual fireside chat at the Morgan Stanley Life After Covid Thematic Conference on November 10, 2020, at 12:00 p.m. ET. This event aims to discuss the company's strategy in adapting to a changing environment post-COVID. Investors and interested parties can access the live webcast via the provided link, with a replay available later on Levi's investor relations website. Levi Strauss is a major global apparel brand, generating $5.8 billion in revenue in 2019.
Levi Strauss & Co. (NYSE: LEVI) announced significant leadership changes effective November 30, 2020, to strengthen its strategic growth agenda. CEO Chip Bergh emphasized the company's focus on enhancing the Levi's® brand, boosting direct-to-consumer (DTC) sales, and advancing digital transformation. Key appointments include Jen Sey as brand president, Liz O'Neill as COO, Seth Ellison as CCO, and Marc Rosen leading a new Digital Enterprise Office. These changes aim to leverage opportunities from shifts in consumer behavior accelerated by the global pandemic.
Levi Strauss & Co. (NYSE: LEVI) reported a 27% decline in net revenues for Q3 2020, primarily driven by the COVID-19 pandemic. Despite this, the company achieved an adjusted EBIT of $84 million and returned to positive free cash flow of $183 million. E-commerce revenue grew by 52%, accounting for 24% of total revenues, doubling from a year ago. Gross margin improved to 54.3%, while SG&A expenses declined 19%. The company maintains a strong liquidity position of $2 billion, enhancing its financial resilience during ongoing market challenges.