So, Michelle, could you maybe speak to global health of the denim category as you see it today? Any key fashion trends that you see emerging into 2024? And if you could just elaborate on the timeline for the expansion of the lifestyle opportunities that you cited. And then, Harmit, on the gross margin side, how best to break down product cost recapture within your gross margin guide relative to mix and full-price selling as we build up the gross margin for 2024? Michelle Gass Dana Telsey Laurent Vasilescu A ...

While competitors were hustling to land deals with retailers and forge partnerships to reach more consumers, Levi’s boldly went all-in on its direct-to-consumer (D2C) strategy in October.  “Over the last decade, the company has made phenomenal progress, more than doubling our D2C revenue while engaging consumers … in our stores,” said Michelle Gass, president of Levi Strauss & Co., during the company’s third quarter earnings call on Oct. 5. Read more: Levi’s Puts Its Faith in D2C Strategy With Loyal Shopper ...

Levi Strauss (LEVI) reported $1.64 billion in revenue for the quarter ended November 2023, representing a year-over-year increase of 3.4%. EPS of $0.44 for the same period compares to $0.34 a year ago.The reported revenue represents a surprise of -1.18% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.42, the EPS surprise was +4.76%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Levi Strauss forecast annual sales and profit below Wall Street expectations on Thursday and said it would cut 10% to 15% of global corporate jobs as the denim maker seeks to rein in costs amid weakness in its wholesale business.Levi attributed the weak forecast to plans to exit its Denizen brand and cut back on off-price sales, as well as weaker foreign currency exchanges. The company also missed fourth-quarter revenue estimates.The fallout of an inventory glut last year and consumers feeling the pinch fr ...

Levi Strauss (LEVI) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this jeans maker would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a surprise of 3.70%. Over the last four quarters, the compan ...

Jeans-maker Levi Strauss & Co. LEVI, +0.19% on Thursday said it plans to lay off between 10% and 15% of its global corporate staff in the first half of this year, part of a new multi-year plan to save money and speed its shift to direct-to-consumer sales. The company said that initiative would save $100 million in costs in its ficsal 2024, which ends in November. Still, shares slid 3% after hours, after management forecast full-year adjusted per-share profit of $1.15 to $1.25, below FactSet forecasts for $ ...

Jeans are displayed at a Levi Strauss store in New York, March 19, 2019.Levi Strauss will lay off at least 10% of its global corporate workforce as part of a restructuring, the apparel retailer said Thursday.The job cuts will take place in the first half of the year, and could affect up to 15% of corporate employees, Levi's said. The company made the announcement as it reported fourth-quarter earnings. This is breaking news. Please check back for updates. ...

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the fourth quarter and fiscal year ended November 26, 2023. "I am proud of what we have accomplished over the past twelve years. By putting the Levi’s brand at the center of culture, we revitalized this iconic brand and transformed our financials putting us in a position where we are stronger today,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co. “While 2023 was a challengin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Delaware 94-0905160 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal ...

Jeans were manufactured by Levi Strauss and Co.gettyLevi Strauss had a terrific year in 2023. Reports are jeans were in strong demand and that gross margin improved. Many believe that Levis jeans remain the leadership brand.Coming from this strong position, one naturally wonders, ‘What will 2024 bring?’It is easy to say – Levi Strauss is in transition. Here are some facts that explain why:New Leadership: Michelle Gass, who joined the company in December 2022 after abruptly leaving the Kohl’s leadership tea ...