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Levi Strauss & Co. - LEVI STOCK NEWS

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) is a globally recognized name in the fashion industry, headquartered at 114 S Avenue, Minneapolis, Minnesota, United States. The company is renowned for its extensive portfolio of jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. These products are marketed and sold under well-established brands such as Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen.

Levi Strauss & Co. operates through three primary regional segments: the Americas, Europe, and Asia. The Americas region, being the key revenue driver, comprises a significant portion of the company's sales. The company's strategic approach involves direct sales, partnerships with third parties, and licensing agreements to reach a diverse customer base, including men, women, and children.

Recent achievements highlight Levi Strauss & Co.'s commitment to innovation and sustainability. The company has introduced new collections that cater to the evolving fashion needs of modern consumers while emphasizing eco-friendly production processes. Financially, Levi Strauss & Co. continues to maintain a strong position with consistent revenue growth, driven by its popular product lines and expanding market presence.

Levi Strauss & Co. also focuses on strategic partnerships and collaborations to enhance its brand visibility and customer reach. These initiatives have further solidified its standing as a leader in the apparel industry. The company remains dedicated to delivering high-quality products that resonate with a global audience.

News

Michelle Gass Assumes Role of Levi Strauss & Co. President & Chief Executive Officer

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Levi Strauss & Co. (LS&CO.; NYSE: LEVI) has announced Michelle Gass as the new president and CEO, succeeding Chip Bergh. Gass plans to accelerate international growth, position the Levi’s® brand as a head-to-toe denim lifestyle apparel business, and transition the company's operating model to a direct-to-consumer (DTC)-first organization. The company is expanding its executive leadership team with the appointment of Kenny Mitchell as Chief Marketing Officer and Dawn Vitale as Chief Merchandising Officer. The company also plans to hire a president and chief commercial officer to shape its global commercial strategy. Gass aims to prioritize growth and a consumer-centric approach throughout LS&Co.
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Levi Strauss & Co. Reports Fourth-Quarter and Fiscal Year 2023 Financial Results

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Levi Strauss & Co. (LEVI) reported a 3% increase in Q4 net revenues, driven by growth in the U.S. and global direct-to-consumer sales. Gross margin increased by 200 basis points, while Q4 diluted EPS and adjusted diluted EPS were up 29% over the prior year. Inventory decreased by 17% on a comparable basis, and the company announced details on a global productivity initiative. Levi Strauss & Co. also provided fiscal year 2024 guidance, expressing optimism despite the challenges faced in 2023.
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Levi Strauss & Co. Renews Commitment to the Bay Area With Proposed 10-Year Extension of Levi’s® Stadium Naming Rights and 49ers Partnership

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Levi Strauss & Co. and the San Francisco 49ers proposed a 10-year extension to the naming rights for Levi’s Stadium and team sponsorship worth $170 million. This secures LS&Co. the naming rights through the 2043 NFL season, reaffirming the parties’ commitment to the Bay Area as a world-renowned destination for sports and entertainment. The extension also includes digital content and merchandise collaborations. Levi’s Stadium has hosted world-class events, and LS&Co. will continue to invest in long-term, sustainable growth and community engagement. The extension solidifies the partnership between LS&Co. and the San Francisco 49ers, emphasizing their shared commitment to making a positive impact on the community. The stadium will host the 2026 FIFA World Cup and Super Bowl 60, generating significant economic impact for the region and City of Santa Clara.
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Beyond Yoga® Announces Executive Leadership Transition, Designed to Fuel Growth Under Levi Strauss & Co.

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Beyond Yoga, owned by Levi Strauss & Co., announced the departure of co-founder and CEO Michelle Wahler and the appointment of Nancy Green as the new CEO. Green is expected to lead the brand's accelerated growth and expansion within LS&Co.'s portfolio. The company has seen significant growth under Wahler's leadership, contributing nearly $100 million to net revenue. Green's extensive experience in retail and brand building is expected to unlock the potential of Beyond Yoga and expand its digital and retail ecosystem.
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Levi Strauss & Co. to Webcast Fourth Quarter 2023 Earnings Conference Call

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Levi Strauss & Co. (LEVI) to Host Conference Call for Q4 2023 Financial Results
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Levi Strauss & Co. Appoints David Marberger to Board of Directors

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Levi Strauss & Co. (NYSE: LEVI) appoints David Marberger, Conagra Brands CFO, to its board of directors and Audit Committee. Marberger brings over 30 years of finance and leadership experience, having served in various CFO roles for prominent global brands. His expertise is expected to drive positive performance and further the company's long-standing legacy.
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Levi Strauss & Co. Announces Executive Leadership Changes

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Levi Strauss & Co. (LS&Co.) announced the retirement of President & CEO Chip Bergh effective April 26, 2024, with Michelle Gass succeeding him as President & CEO from January 29, 2024. Bergh will transition to the role of executive vice chair of the board until his retirement date and then to the role of senior advisor until the end of the company’s 2024 fiscal year. Under Bergh's leadership, LS&Co. transformed into a global, DTC-driven business, revitalized the Levi’s brand, and returned to the public markets with a successful IPO in March 2019. Gass, who has been leading the Levi’s brand since January 2023, aims to position LS&Co. as a world-class direct-to-consumer retailer.
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Levi Strauss & Co. Reports Third-Quarter 2023 Financial Results

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Levi Strauss & Co. reports Q3 financial results
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Levi Strauss & Co. to Webcast Third Quarter 2023 Earnings Conference Call

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Levi Strauss & Co. will host a conference call to discuss Q3 financial results on October 5, 2023.
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Levi Strauss & Co. Reports Second-Quarter 2023 Financial Results

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FAQ

What is the current stock price of Levi Strauss & Co. (LEVI)?

The current stock price of Levi Strauss & Co. (LEVI) is $17.39 as of December 20, 2024.

What is the market cap of Levi Strauss & Co. (LEVI)?

The market cap of Levi Strauss & Co. (LEVI) is approximately 6.7B.

What products does Levi Strauss & Co. offer?

Levi Strauss & Co. offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories.

Under which brands does Levi Strauss & Co. market its products?

The company's products are marketed under brands like Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen.

How does Levi Strauss & Co. distribute its products?

The company distributes its products through direct sales, third-party partners, and licensing agreements.

What are the primary segments Levi Strauss & Co. operates in?

Levi Strauss & Co. operates in three regional segments: the Americas, Europe, and Asia.

Where is Levi Strauss & Co. headquartered?

Levi Strauss & Co. is headquartered at 114 S Avenue, Minneapolis, Minnesota, United States.

What is the key revenue driver for Levi Strauss & Co.?

The Americas region is the key revenue driver for Levi Strauss & Co.

What recent achievements has Levi Strauss & Co. accomplished?

Levi Strauss & Co. has introduced new eco-friendly collections and has seen consistent revenue growth.

How does Levi Strauss & Co. ensure sustainability in its production processes?

The company emphasizes eco-friendly production processes in its new product collections.

What are some strategic initiatives taken by Levi Strauss & Co.?

Levi Strauss & Co. focuses on strategic partnerships and collaborations to enhance brand visibility.

Who are the target customers for Levi Strauss & Co. products?

Levi Strauss & Co. targets men, women, and children globally.

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Levi Strauss & Co.

NYSE:LEVI

LEVI Rankings

#1080 Ranked by Market Cap
#1085 Ranked by Dividends

LEVI Stock Data

6.71B
95.30M
8.73%
89.81%
1.14%
Apparel Manufacturing
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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