Welcome to our dedicated page for Levi Strauss & news (Ticker: LEVI), a resource for investors and traders seeking the latest updates and insights on Levi Strauss & stock.
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.
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.
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