Welcome to our dedicated page for Levi Strauss & Co. news (Ticker: LEVI), a resource for investors and traders seeking the latest updates and insights on Levi Strauss & Co. stock.
Levi Strauss & Co. (LEVI), the global leader in premium denim and casual apparel, maintains this dedicated news hub for investors and industry followers. Access official press releases and curated updates covering financial results, product innovations, sustainability initiatives, and strategic partnerships.
This resource provides timely insights into Levi's operational developments across its core brands including Levi's, Dockers, and Denizen. Key updates span earnings announcements, leadership changes, retail expansions, and material events impacting the company's position in the competitive apparel sector.
All content is sourced from verified corporate communications, ensuring reliability for investment research and market analysis. The collection serves as both historical record and current awareness tool for tracking this iconic brand's evolution in global fashion markets.
Bookmark this page for streamlined access to LEVI's latest business developments. Combine regular monitoring with SEC filings and earnings transcripts for comprehensive understanding of company performance.
Levi Strauss & Co. (NYSE: LEVI) reported flat net revenues of $1.5 billion for Q3 2024, up 2% on a constant-currency basis. The Levi's® brand grew 5% globally, its highest growth in two years. Gross margin increased 440 basis points to 60.0%, while adjusted diluted EPS rose 18% to $0.33.
Key highlights include:
- DTC net revenues up 10%, with e-commerce growing 16%
- Europe net revenues increased 6%
- Asia net revenues up 4% on a constant-currency basis
- Operating margin at 2.0%, adjusted EBIT margin up 250 basis points to 11.6%
The company updated its FY2024 guidance, expecting 1-2% revenue growth and reaffirming adjusted diluted EPS guidance of $1.17 to $1.27. Levi's also announced a strategic review of the Dockers® brand, potentially including a sale.
Levi Strauss & Co. (NYSE: LEVI) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Wednesday, October 2, 2024, at 2 p.m. Pacific Time / 5 p.m. Eastern Time. The call will be hosted by Michelle Gass, president and CEO, and Harmit Singh, CFO and growth officer. Investors and analysts can pre-register for the call to receive dial-in details. A live webcast will also be available, with a replay accessible on the company's investor relations website for one quarter following the event. The financial results for the quarter ended August 25, 2024, will be discussed during the call, with the related press release to be published on the same day.
Levi Strauss reported its Q2 2024 financial results, showing a revenue growth of 8% to $1.4 billion, and a record gross margin of 60.5%, an increase of 180 basis points from the previous year.
Global DTC revenue rose by 8%, including a 12% growth in the U.S. Diluted EPS was $0.04, while adjusted diluted EPS was $0.16, exceeding expectations.
The company reaffirmed its full-year guidance with a 1-3% revenue growth and adjusted diluted EPS of $1.17-$1.27.
Net income for the quarter was $18 million, a significant improvement from a $2 million loss in Q2 2023. Operating margin increased to 1.5% from 0.7% in the prior year, driven by higher net revenue and gross margin.
Levi's also raised its quarterly dividend to $0.13 per share, payable on August 20, 2024.
Levi Strauss & Co. (NYSE: LEVI) will host a conference call to discuss its financial results for the second quarter of 2024, which ended on May 26, 2024.
The call is scheduled for Wednesday, June 26, 2024, at 2 p.m. Pacific Time / 5 p.m. Eastern Time. It will be led by Michelle Gass, president and CEO, and Harmit Singh, chief financial and growth officer.
Participants need to pre-register for the conference call to receive dial-in details via email. A live webcast of the event will be available, and a replay will be accessible on the company's investor relations website approximately two hours after the event, remaining available for one quarter.
Lulus announced an extended partnership with Levi Strauss & Co. to offer a selection of classic styles for women. The Lulus Loves: Levi’s® capsule includes trucker jackets, jeans, cutoff shorts, and more, available online and in-store. This collaboration aims to enhance the shopping experience for Lulus customers by providing quality, versatile, and attainable denim options.
FAQ
What is the current stock price of Levi Strauss & Co. (LEVI)?
What is the market cap of Levi Strauss & Co. (LEVI)?
