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.
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.
Levi Strauss & Co. reported Q4 2021 net revenues of $1.7 billion, an increase of 22% from Q4 2020 and 7% from Q4 2019. For the fiscal year, revenues reached $5.8 billion, up 29% from FY 2020. The adjusted EBIT margin improved to 12.4%, and diluted EPS rose by 105% to $0.37. Future guidance for FY 2022 predicts net revenue growth of 11-13%, with adjusted diluted EPS expected between $1.50 and $1.56. The company declared a dividend of $0.10 per share and repurchased 3.4 million shares for $88.4 million.
Levi Strauss & Co. (NYSE: LEVI) will hold a conference call on January 26, 2022, to discuss its fourth-quarter financial results for the period ending November 28, 2021. The call is scheduled for 2 p.m. PT / 5 p.m. ET, featuring CEO Chip Bergh and CFO Harmit Singh. Investors can listen via a live webcast or dial in at designated numbers. A replay will be available post-call. The company reported $4.5 billion in net revenues for 2020 and operates globally with significant distribution channels.
Sanjeev Mohanty has been appointed to lead commercial operations for Levi Strauss & Co. in the U.S. and Canada, managing the company's largest commercial cluster. Previously, he served as the senior vice president for South Asia, Middle East, and Africa, where he drove significant growth and success. Mohanty brings extensive retail experience from global brands, including Global Fashion Group and Benetton Group. This leadership change aims to enhance operational effectiveness and consumer engagement in the company's largest market.
Levi Strauss & Co. reported third-quarter results with net revenues of $1.5 billion, a 41% increase year-over-year and a 3% increase compared to Q3 2019. Gross margin expanded to 57.6%, and operating margin was 14.4%. Diluted EPS rose to $0.47, up from $0.07 in Q3 2020. Key growth drivers included a 34% increase in Direct-to-Consumer revenues and a 45% rise in Global Wholesale revenues. The company raised its fiscal 2021 outlook and authorized a $200 million share repurchase program, reflecting confidence amidst ongoing COVID-19 challenges.
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Levi Strauss & Co. (NYSE: LEVI) will host a conference call on October 6, 2021, at 2 p.m. PT to discuss its third-quarter financial results, ending August 29, 2021. CEO Chip Bergh and CFO Harmit Singh will lead the call. Investors can access the live webcast via this link or dial in at +1.833.693.0541 (US) or +1.661.407.1582 (international). A replay will be available shortly after the event on the investor website. Levi Strauss reported $4.5 billion in net revenues for 2020.
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Levi Strauss & Co. (NYSE: LEVI) will redeem its entire $200 million outstanding 5.00% Senior Notes due 2025 on September 30, 2021. The redemption price is set at 101.667% of the principal amount, along with any accrued interest. This strategic move will save the company approximately $10 million annually in interest expenses. The funding for the redemption will come from cash on hand, and the company reports solid liquidity, allowing it to return gross debt levels to pre-pandemic status.