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. (NYSE: LEVI) is frequently featured in corporate, financial and strategic news as one of the world’s largest brand-name apparel companies and a global leader in jeanswear. News coverage highlights its jeans, casual wear and related accessories for men, women and children under brands such as Levi’s®, Levi Strauss Signature™, Denizen® and Beyond Yoga®, and its presence across approximately 120 countries.
Investors and followers of LEVI stock can expect regular updates on earnings and financial performance. The company issues quarterly results and files related Form 8-Ks, discussing net revenue growth, regional performance in the Americas, Europe and Asia, direct-to-consumer and e-commerce trends, margins, non-GAAP measures and updated outlooks. Levi Strauss & Co. also announces upcoming earnings conference calls and webcasts, detailing how to access live and replay sessions.
Another key stream of news involves strategic transformation and technology initiatives. The company has announced a multiyear digital journey and a pivot to operate as a DTC-first, head-to-to-toe denim lifestyle retailer. In partnership with Microsoft, Levi Strauss & Co. is developing an integrated agentic AI “super-agent” platform for employees, and has launched AI-driven tools such as Outfitting on the Levi’s® app and STITCH for store teams. These stories illustrate how the company is using AI and cloud technologies to support operations and consumer engagement.
Levi Strauss & Co. news also covers community and education programs, such as the Levi’s® Wear Longer Project with Discovery Education, which focuses on repair skills and clothing longevity for high school students. Governance and leadership updates, including board appointments, executive hires and committee changes, are reported through press releases and SEC filings. For those tracking LEVI, this news flow provides insight into the company’s financial health, strategic direction, technology adoption and corporate governance.
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Levi Strauss & Co. has appointed Kenny Mitchell as the new senior vice president and chief marketing officer, effective June 5. Reporting to Michelle Gass, he will focus on enhancing marketing strategies to strengthen consumer engagement and grow market share for the Levi’s® brand. Mitchell brings over 20 years of extensive branding and digital marketing experience from notable companies including Snap and McDonald's. This appointment coincides with significant anniversaries for the brand, including the 150th anniversary of the 501® jean and the company's 170th year of operation. Gass expressed confidence that Mitchell's leadership will promote long-term growth and cultural relevance for the Levi's brand.
Levi Strauss & Co. (NYSE: LEVI) reported a strong Q1 2023, with net revenues of $1.7 billion, marking a 6% increase and 9% growth in constant currency compared to Q1 2022. The growth was fueled by a 12% rise in direct-to-consumer (DTC) sales, which constituted 42% of total revenues. The company reaffirmed its FY 2023 guidance, projecting net revenues between $6.3 billion and $6.4 billion.
Despite the strong revenue growth, net income dropped to $115 million, a 41% decrease year-over-year. Diluted EPS also declined to $0.29, down 17% from the prior year. The gross margin fell to 55.8%, down 360 basis points from Q1 2022, primarily due to increased costs and currency impacts.
Levi Strauss & Co. (NYSE: LEVI) has rescheduled its first-quarter earnings release for the period ending February 26, 2023. The new earnings release date is April 6, 2023, before market opening, followed by a conference call at 6 a.m. Pacific Time / 9 a.m. Eastern Time.
Investors can pre-register for the conference call via a provided link, and a live webcast will also be available. More details on accessing the conference call and future earnings announcements are available on the company’s investor relations website.
Levi Strauss & Co. (NYSE: LEVI) will host a conference call on April 6, 2023, at 2 p.m. PT to discuss its financial results for the first quarter ended February 26, 2023. The call will feature CEO Chip Bergh and CFO Harmit Singh. Participants can pre-register for dial-in details via the provided link. A live webcast will also be available and subsequently archived for one quarter. Levi Strauss reported $6.2 billion in net revenues for 2022, and it operates in over 110 countries with approximately 3,200 retail stores.