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 & 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.
Levi Strauss & Co. has appointed Amisha Jain as the new senior vice president and managing director for the South Asia, Middle East, and Africa (SAMEA) regions. With over 20 years of experience in retail and consumer goods, Jain is expected to drive growth and expansion in these key markets. Previously CEO at Zivame, she successfully scaled the business significantly before its acquisition. Jain holds an MBA from INSEAD and a master's in electrical engineering. Her leadership is anticipated to enhance Levi's market presence and innovation in SAMEA.
Levi Strauss & Co. (NYSE: LEVI) has announced that CFO Harmit Singh will participate in a fireside chat at the Evercore ISI Consumer and Retail Conference on June 9, 2022, at 2:45 PM Eastern Time. The event will be held virtually, and a live webcast can be accessed via the provided link. A replay will be available for up to 90 days post-event. Levi Strauss, a leading global apparel company, reported net revenues of $5.8 billion in 2021 and sells products in over 110 countries.
Levi Strauss & Co. (NYSE: LEVI) has outlined ambitious growth targets during its Investor Day, aiming for net revenues of $9 billion to $10 billion by 2027, reflecting a 6-8% annual growth. The company plans to increase its adjusted EBIT margin to 15% and expand its direct-to-consumer (DTC) revenue to 55% of total sales. Additionally, Levi's announced a $750 million share repurchase program and reaffirmed its fiscal 2022 guidance of $6.4 billion to $6.5 billion in net revenues.
Levi Strauss & Co. (NYSE: LEVI) will conduct an Investor Day on June 1, 2022, in New York City, from 12:00 p.m. to 3:30 p.m. ET. The event features presentations by CEO Chip Bergh and CFO Harmit Singh, focusing on strategic priorities, growth drivers, and ESG initiatives. A live Q&A will follow the presentations. Attendance is by invitation only, but the event will be webcast live on investors.levistrauss.com. Replay and materials will be available post-event.
Levi Strauss & Co. reported Q1 2022 net revenues of $1.6 billion, a 22% increase from Q1 2021, driven by strong demand across all regions. Adjusted EBIT margin rose to 14.9% from 13.3%, while diluted EPS reached $0.48, up 35% year-over-year. The company reaffirmed its annual guidance, targeting net revenue growth of 11% to 13% for FY 2022. Despite supply chain challenges impacting revenues by approximately $60 million, Levi achieved significant digital and direct-to-consumer growth, indicating resilience in its strategy.
Levi Strauss & Co. (NYSE: LEVI) announced that CEO Chip Bergh and CFO Harmit Singh will participate in a fireside chat at the J.P. Morgan Eighth Annual Retail Round-up Conference on April 7, 2022, at 1:00 p.m. ET. Investors can access the live webcast through a provided link, with a replay available until May 6, 2022. Levi Strauss is a leading global brand in jeanswear, with 2021 net revenues of $5.8 billion, offering products under various well-known brands and operating approximately 3,100 retail stores worldwide.
Levi Strauss & Co. (NYSE: LEVI) will hold a conference call on April 6, 2022, to discuss its financial results for Q1 ending February 27, 2022. The call, featuring CEO Chip Bergh and CFO Harmit Singh, starts at 2 p.m. PT / 5 p.m. ET. Investors can access the call via a live webcast or phone, with replays available post-event for a limited time. In 2021, Levi reported net revenues of $5.8 billion, reflecting its strong market position in the apparel industry across 110 countries.
Levi Strauss & Co. announced a donation exceeding $300,000 to support humanitarian efforts in response to the Ukraine crisis. The company is donating $200,000 to the International Rescue Committee and $100,000 to CARE. Additionally, Levi is matching employee donations 2-to-1, up to $200,000. Due to ongoing disruptions, Levi is temporarily suspending operations in Russia, where about 4% of its revenue was generated in 2021, significantly impacting its business in the region.