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February 12, 2016 8:18 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Levi Strauss & Co.

Company Overview

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

United States

Founded in 1853

Phone:

415-501-6000

Fax:

415-501-7112

Key Executives for Levi Strauss & Co.

Chief Executive Officer, President and Director
Age: 57
Chief Financial Officer and Executive Vice President
Age: 51
Executive Vice President and President of the Americas Region
Age: 56
Executive Vice President and President of Asia, Middle East & Africa
Age: 51
Executive Vice President and President of Global Levi's Brand
Age: 49
Compensation as of Fiscal Year 2015.

Levi Strauss & Co. Key Developments

Levi Strauss & Co. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 29, 2015

Levi Strauss & Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended November 29, 2015. For the quarter, the company reported operating income of USD 161.2 million against USD 49.9 million a year ago. Net income was USD 101.7 million against net loss of USD 6.1 million a year ago. Adjusted EBIT was USD 167.7 million against USD 134.0 million a year ago. Net revenues were USD 1,285 million against USD 1,388 million a year ago. Fourth-quarter and full-year net income growth primarily reflected lower restructuring charges associated with the company's global productivity initiative, lower interest expense, and a pension settlement loss recorded in the fourth quarter of the prior year. For the year, the company reported the net revenues of USD 4,494,493,000 against USD 4,753,992,000 a year ago. Operating income was USD 431,047,000 compared to USD 313,851,000 a year ago. Income before income taxes was USD 310,398,000 compared to USD 153,854,000 a year ago. Net income attributable to the company was USD 209,436,000 compared to USD 106,078,000 a year ago. Net cash provided by operating activities was USD 218,332,000 compared to USD 232,909,000 a year ago. Purchases of property, plant and equipment was USD 102,308,000 compared to USD 73,396,000 a year ago. Net debt was USD 833.9 million as on November 29, 2015 compared to USD 911.3 November 30, 2014. Adjusted EBIT was USD 478.6 million against USD 503.7 million a year ago.

Levi Strauss & Co., Q4 2015 Earnings Call, Feb 11, 2016

Levi Strauss & Co., Q4 2015 Earnings Call, Feb 11, 2016

Levi Strauss & Co. Announces Carrie Ask to Join Company as Executive Vice President and President of Global Retail, Effective from February 16, 2016

Levi Strauss & Co. announced that Carrie Ask, a seasoned retail industry leader, will join the company as executive vice president and president of global retail, effective from February 16, 2016. In this role, Ms. Ask will be responsible for leading all aspects of LS&Co.’s global retail business, including 2,700 owned and operated stores, franchise stores and outlet stores. She will be charged with growing LS&Co.’s retail business, an area that has been an important global growth driver for the company. She will report to Chip Bergh, president & chief executive officer. Ask joins LS&Co. from NIKE Inc. where she was vice president and general manager for Nike Stores North America. Ask held leadership positions at Nike subsidiary Converse, where she was vice president and general manager with global oversight for full price stores, factory stores and converse.com. She also has previously held retail and merchandising positions at Petco, Target Corporation and BC Natural Foods, LLC.

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