LOS ANGELES--(BUSINESS WIRE)--Beyond Yoga®, a premium athletic and lifestyle apparel brand owned by Levi Strauss & Co. (LS&Co.; NYSE: LEVI), announced today that co-founder Michelle Wahler will step down as CEO. Nancy Green, former CEO and president of Athleta, will assume the role of CEO of Beyond Yoga® to scale the brand’s continued growth and expansion within LS&Co.’s brand portfolio. Green will join Beyond Yoga® on February 1, 2024. "We set out to develop a brand that honors real women’s bodies, and ...

Levi Strauss (LEVI) closed the most recent trading day at $15.42, moving +1.18% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.59%.Prior to today's trading, shares of the jeans maker had lost 2.62% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.08% and the S&P 500's gain of 1.2% in that time.The upcoming earnings release ...

Levi Strauss (LEVI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this jeans maker have returned +3.3%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Levi Strauss falls in, has gained 3.3%. The key question now is: What could be the stock's future direction?Althoug ...

In the latest trading session, Levi Strauss (LEVI) closed at $16.28, marking a +1.18% move from the previous day. This move lagged the S&P 500's daily gain of 1.41%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 2.2%.Shares of the jeans maker witnessed a gain of 7.05% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.51% and the S&P 500's gain of 2.9%.Market participants will be closely following the financial results ...

Levi Strauss (LEVI) ended the recent trading session at $15.60, demonstrating a +0.06% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.34% loss on the day. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.56%.The jeans maker's stock has climbed by 2.7% in the past month, falling short of the Retail-Wholesale sector's gain of 3.02% and outpacing the S&P 500's gain of 2.56%.The upcoming earnings release of Levi Strauss w ...

Levi Strauss (LEVI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this jeans maker have returned +7%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Levi Strauss falls in, has gained 1.8%. The key question now is: What could be the stock's future direction?While media releas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended August 27, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 26, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Financial Data and Key Metrics Changes - Q4 net revenues were flat compared to the prior year's record Q4 revenue, with a 6% growth above 2019's pre-pandemic level [28] - For the full year, reported revenues grew by 7%, and 12% in constant currency, with adjusted EPS increasing year-over-year [28] - Adjusted diluted EPS for Q4 was $0.34, at the high end of the outlook, despite a $0.04 negative impact from foreign exchange [52] Business Line Data and Key Metrics Changes - The Levi's brand grew 11% in 2022, gaining global market share, particularly in men's and women's segments [6] - Direct-to-consumer (DTC) business increased by 18% for the year, with a record Q4 performance, contributing 39% of total company net revenues [8] - Women's revenue grew 13%, surpassing $2 billion, while the tops business grew 12%, exceeding $1.2 billion [12] Market Data and Key Metrics Changes - International business grew 13% in 2022, with 15% growth excluding Russia, driven by strong performance in Latin America and Asia [35] - In the Americas, net revenues declined 5%, with strong DTC growth offset by a decline in U.S. wholesale [41] - Europe saw a modest decline of 4% in revenues, excluding Russia, but showed sequential improvement from Q3 [53] Company Strategy and Development Direction - The company aims to expand its women's and tops businesses, which are key priorities in its strategic plan [12] - The 150th anniversary of the iconic 501 jean is expected to drive brand excitement and market share growth [14] - The company is focusing on diversifying its product offerings beyond denim, with nearly 40% of 2022 revenue coming from non-denim categories [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strategies for profitable growth in 2023, despite macro uncertainties [21] - The company anticipates additional tailwinds in the second half of 2023 as product costs normalize and foreign exchange impacts lessen [21] - Management highlighted the importance of a diversified business model to navigate macroeconomic challenges [35] Other Important Information - The company plans to open more than 80 net new company-operated stores globally in 2023 [22] - Cash and liquidity remained strong, with net debt of approximately $500 million and overall liquidity of $1.5 billion [20] - The company returned approximately $350 million to shareholders in 2022, with a dividend of $0.12 per share declared for Q1 [54] Q&A Session Summary Question: What is the outlook for gross margins? - Management indicated that gross margins are structurally improved, with expectations of 20 to 30 basis points expansion driven by a favorable shift towards DTC and women's products [123] Question: How did the mass channel perform in Q4? - The mass channel, particularly Signature and Denizen, was down 19% in Q4, with expectations of continued double-digit declines in 2023 [50] Question: What is the expected revenue cadence for 2023? - The company expects a typical revenue split of 47% in the first half and 53% in the second half, with growth driven by improved conditions in the latter half [65] Question: How is the company managing inventory levels? - The company has strategically reduced buys for the first half by 25% and expects to normalize inventory levels by the end of Q2 [103] Question: What are the key drivers for growth in 2023? - Key drivers include continued strength in DTC, market share expansion, and the celebration of the 150th anniversary of the 501 jean [57]