Levi Strauss & Co. - LEVI STOCK NEWS

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.

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.