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. Levi Strauss & Co. sells its products in approximately 110 countries through ...
1155 Battery Street
San Francisco, CA 94111
Founded in 1853
Levi Strauss & Co. Declares Cash Dividend
Feb 9 17
On February 1, 2017, the Board of Directors of Levi Strauss & Co. declared a cash dividend for $70 million, payable in two $35 million installments. The company expects to pay the first installment in the first quarter of 2017, and the second installment in the fourth quarter of 2017.
Levi Strauss & Co. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 27, 2016
Feb 9 17
Levi Strauss & Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended November 27, 2016. On a reported basis, gross profit in the fourth quarter was USD 659 million compared with USD 658 million for the same quarter of 2015, despite unfavorable currency translation effects of approximately USD 2 million. Gross margin for the fourth quarter was 50.7% of revenues compared with 51.2% of revenues in the same quarter of 2015 primarily reflecting the unfavorable transactional impact of currency, partially offset by direct-to-consumer sales growth. Operating income was USD 143 million in the fourth quarter was down from USD 161 million in the same quarter of 2015, primarily due to investments related to the expansion of the company's direct-to-consumer business. Net revenues were USD 1,299 million against USD 1,285 million a year ago. Net income attributable to company was USD 96 million against USD 101 million a year ago. Adjusted EBIT was USD 146 million against USD 168 million a year ago.
For the year, the company reported the net revenues of USD 4,552,739,000 against USD 4,494,493,000 a year ago. Operating income was USD 462,207,000 compared to USD 431,047,000 a year ago. Income before income taxes was USD 407,206,000 compared to USD 310,398,000 a year ago. Net income attributable to the company was USD 291,052,000 compared to USD 209,436,000 a year ago. Net cash provided by operating activities was USD 306,550,000 compared to USD 218,332,000 a year ago. Purchases of property, plant and equipment was USD 102,950,000 compared to USD 102,308,000 a year ago. Free cash flow was USD 160.8 million compared to USD 80.7 million a year ago. Net debt declined to USD 670 million at the end of 2016, compared to USD 834 million at the end of 2015, reflecting lower gross debt and higher cash. Adjusted EBIT was USD 480 million against USD 479 million a year ago.
Levi Strauss & Co. to Report Q4, 2016 Results on Feb 09, 2017
Feb 2 17
Levi Strauss & Co. announced that they will report Q4, 2016 results at 3:00 PM, GMT Standard Time on Feb 09, 2017