Textiles, Apparel and Luxury Goods
Company Overview of Levi Strauss & Co.
Levi Strauss & Co. designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children worldwide. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery, as well as licenses its Signature by Levi Strauss & Co. and Denizen trademarks in various markets for various product categories. It sells its products in approximately 110 countries through a network of cha...
1155 Battery Street
San Francisco, CA 94111
Founded in 1853
Key Executives for Levi Strauss & Co.
Chief Executive Officer, President and Director
Chief Financial Officer and Executive Vice President
Executive Vice President and President of the Americas Region
Executive Vice President and President of Asia, Middle East & Africa
Executive Vice President and President of Global Retail
Compensation as of Fiscal Year 2014.
Levi Strauss & Co. Key Developments
Levi Strauss & Co. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 09:40 AM
Feb 16 15
Levi Strauss & Co. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 09:40 AM. Venue: Loews Hotel, Miami Beach, Florida, United States.
Levi Strauss & Co. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2014; Provides Financial Guidance for the Full Year of 2015
Feb 12 15
Levi Strauss & Co. reported consolidated earnings results for the fourth quarter and full year ended November 30, 2014. For the quarter, the net revenues of $1,388 million, net loss attributed to the company was $6 million and adjusted EBIT was $134 million against net revenues of $1,295 million, net income attributed to the company was $17 million and adjusted EBIT was $72 million a year ago. Higher revenues primarily reflected the Black Friday sales week, which due to the timing of the company's fiscal year-end was an additional week in the company's fourth fiscal quarter as compared to the prior year. Higher revenues also reflected growth in the company's retail network. Net income declined primarily due to restructuring and other related charges associated with the company's global productivity initiative of $53 million and $156 million, respectively, and a $31 million non-cash loss associated with the settlement of a portion of the company’s pension obligations.
For the full year, the net revenues of $4,754 million, net income attributed to the company was $106 million and adjusted EBIT was $504 million against net revenues of $4,682 million, net income attributed to the company was $229 million and adjusted EBIT was $467 million a year ago. Operating income was $314 million compared to $465.5 million a year ago. Income before income taxes was $154 million compared to $323 million a year ago. Net cash provided by operating activities was $233 million and purchases of property, plant and equipment was $73.39 million against net cash provided by operating activities was $411.2 million and purchases of property, plant and equipment was $91.77 million a year ago. Net debt as at November 30, 2014 was $925.7 million. Adjusted EBIT was $503.7 million compared to $467.4 million a year ago.
The company expect strong free cash flow again in 2015 despite higher CapEx in the range of $110 million to $120 million to fuel long-term growth. The high capital expenditure in 2015 is driven by more than 60 store openings, investments in retail technology and e-commerce and in other IT systems to drive productivity.
Levi Strauss & Co. Declares One-Time Cash Dividend
Feb 9 15
On February 4, 2015, the Board of Directors of Levi Strauss & Co. declared a one-time cash dividend of $1.33556 per share, for a total of approximately $50 million. The dividend is payable to stockholders of record at the close of business on February 19, 2015.
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