Levi Strauss & Co. - LEVI STOCK NEWS

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.

Levi Strauss & Co. (NYSE: LEVI) announced the promotion of David Jedrzejek to General Counsel following the retirement of Seth Jaffe, effective June 2. Jaffe, who served for 26 years, played a pivotal role in the company’s turnaround and key initiatives such as the IPO and acquisition of Beyond Yoga. Jedrzejek, a seven-year veteran and former Deputy General Counsel, will oversee the legal department and report to CEO Chip Bergh. Levi Strauss is a leading global jeanswear company, with reported net revenues of $6.2 billion in 2022.

Levi Strauss & Co. (NYSE: LEVI) reported its Q4 and FY 2022 financial results, highlighting a 7% growth in net revenues to $6.2 billion. Q4 diluted EPS was $0.38, while adjusted EPS was $0.34, affected by currency impacts. The company anticipates 2023 revenues to increase by 1.5% to 3% with adjusted EPS guidance of $1.30 to $1.40. Despite a 6% revenue decline in Q4 from the previous year, the direct-to-consumer channel showed growth. The company returned $350 million to shareholders through dividends and repurchases. CEO Chip Bergh expressed confidence in continued brand strength and strategic market positioning.

Levi Strauss & Co. (NYSE: LEVI) has appointed Jason Gowans as the new senior vice president and chief digital officer, effective February 6. Gowans, a former executive at Nordstrom, will lead the company’s digital transformation efforts aimed at enhancing ecommerce and overall digital strategies. Under his leadership, the focus will be on integrating engineering, data, and digital product management to boost direct-to-consumer growth. This appointment supports the company's goal of increasing revenue through improved productivity and loyalty programs, further advancing its digital-first strategy.

Levi Strauss & Co. will hold a conference call on January 25, 2023, at 2 p.m. PT to discuss its fourth quarter financial results ending November 27, 2022. The call will feature CEO Chip Bergh and CFO Harmit Singh. Interested parties can pre-register via a provided link to access dial-in details. A live webcast will also be available and archived for one quarter on the company's investor relations website. Levi Strauss reported $5.8 billion in net revenues for 2021 and continues to be a leader in the global apparel market.

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.