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) announced Michelle Gass as president, LS&Co., effective January 2, 2024. Gass will oversee Levi’s global digital and commercial operations and is poised to succeed Chip Bergh as CEO within 18 months. Her extensive experience includes significant roles at Kohl’s and Starbucks, where she drove brand innovations and digital growth. The board is optimistic about Gass's leadership, seeing her as crucial for long-term value creation. Gass expressed eagerness to advance the Levi's brand and capitalize on its potential.
Levi Strauss & Co. (NYSE: LEVI) reported $1.5 billion in net revenues for Q3 2022, a 1% increase year-over-year, or 7% in constant currency. Diluted EPS came in at $0.43, with adjusted diluted EPS of $0.40. The company anticipates 6.7%-7.0% revenue growth for FY2022 but noted challenges due to macroeconomic pressures and supply chain disruptions that could impact revenues by $30-$40 million. Despite these issues, Levi's brand experienced 6% growth in constant currency. The company remains focused on its long-term growth objectives.
Levi Strauss & Co. (NYSE: LEVI) will hold a conference call on October 6, 2022, at 2 p.m. PT to discuss its third-quarter financial results for the period ending August 28, 2022. The call will feature CEO Chip Bergh and CFO Harmit Singh. Interested parties can pre-register for access and a live webcast will be available online. Levi Strauss, a major player in apparel, reported $5.8 billion in net revenues for 2021, with products sold in over 110 countries.
Levi Strauss & Co. has launched a nonpartisan voter registration initiative on over 150 community college campuses, aiming to enhance civic engagement ahead of the upcoming midterm elections. The initiative addresses historically low voter registration and voting rates among community college students, who represent over 40% of U.S. undergraduates. Partnering with organizations like Campus Takeover and Students Learn Students Vote, LS&Co. aims to close this voting gap, offering resources and support for eligible voters.
Levi Strauss & Co. (NYSE: LEVI) announced that CFO Harmit Singh will participate in a fireside chat at the Bank of America Securities 2022 SMID CAP Ideas for the 2H Conference on Tuesday, August 9, 2022, at 12:10 p.m. ET. The event will be accessible via a live webcast, with a replay available until November 10, 2022. Levi Strauss is a leading global apparel company, known for its jeans and casual wear, with reported net revenues of $5.8 billion in 2021. The company operates in over 110 countries, showcasing its expansive market presence.
Kohl's (NYSE: KSS) has partnered with Levi's (NYSE: LEVI) to relaunch the iconic SilverTab collection, originally popular in the '90s. Available exclusively at Kohl's and online, the collection features relaxed and baggy denim for the whole family, aiming to enhance Kohl's reputation as a denim destination. The revival includes popular styles such as loose jeans and oversized jackets, targeting customers during the back-to-school season. This collaboration highlights Kohl's strategy of modernizing its offerings with premium styles to meet evolving consumer preferences.
Levi Strauss & Co. reported net revenues of $1.5 billion, a 15% increase from Q2 2021, and a 20% rise in constant currency. Adjusted EBIT was $145 million, up 27%, while diluted EPS decreased to $0.12 due to $60 million charges from the Russia-Ukraine crisis. The company reaffirmed annual guidance for revenue growth of 11% to 13% and adjusted EPS between $1.50 and $1.56. A 20% increase in quarterly dividends reflects a commitment to shareholder returns.
Levi Strauss & Co. (NYSE: LEVI) will host a conference call on July 7, 2022, at 2 p.m. Pacific Time to discuss its Q2 2022 financial results, ending on May 29, 2022. The call will feature CEO Chip Bergh and CFO Harmit Singh. Interested participants need to pre-register through the provided link to receive dial-in details. A live webcast will also be available, with a replay accessible afterward. Levi Strauss reported $5.8 billion in net revenues for 2021, emphasizing its global market position in jeanswear.
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