November 17, 2017 11:39 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. Levi Strauss & Co. sells its products in approximately 110 countries through ...

1155 Battery Street

San Francisco, CA 94111

United States

Founded in 1853

13,200 Employees

Phone:

415-501-6000

Fax:

415-501-7112

Key Executives for Levi Strauss & Co.

Chief Executive Officer, President and Director
Age: 59
Chief Financial Officer and Executive Vice President
Age: 54
Executive Vice President and President of Europe Region
Age: 58
Executive Vice President and President of Levi Strauss Americas
Age: 53
Executive Vice President and President of Global Retail
Age: 47
Compensation as of Fiscal Year 2017.

Levi Strauss & Co. Key Developments

Levi Strauss & Co. Announces New Times Square Levi’s® Store

Levi Strauss & Co. announced a new Levi’s® store in New York City’s Times Square at 1535 Broadway, in the heart of the city’s shopping and entertainment district. The store is expected to open in late 2018 and will replace the brand’s current location at 1501 Broadway, which has been open since 2008. The store is approximately 17,000 square feet. It comes on the heels of the latest re-opening of the Levi’s® store in SoHo, which features the latest advancements in technology, customization and authentic Levi’s® vintage products. The strategy for the Times Square will be shaped by extensive consumer research LS&Co. conducted to better understand consumer expectations when shopping at a Levi’s® store, leveraging the very best in store design, product assortment and omni-channel capabilities to deliver a world-class consumer shopping experience.

Levi Strauss & Co. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 27, 2017; Provides Earnings Guidance for the Full Year 2017

Levi Strauss & Co. announced unaudited consolidated earnings results for the third quarter and nine months ended August 27, 2017. For the quarter, the company reported net revenues of $1,268,391,000 against $1,185,111,000 a year ago. Operating income was $146,320,000 against $144,908,000 a year ago. Income before income taxes was $117,110,000 against $130,417,000 a year ago. Net income was $89,479,000 against $97,704,000 a year ago, primarily driven by the weakening of the US dollar against most foreign currencies. Net income attributable to the company was $87,992,000 against $98,318,000 a year ago. Adjusted EBIT was $147.3 million against $146.3 million a year ago. For the nine months, the company reported net revenues of $3,438,237,000 against $3,253,198,000 a year ago. Operating income was $317,311,000 against $319,533,000 a year ago. Income before income taxes was $209,800,000 against $271,805,000 a year ago. Net income was $167,323,000 against $195,055,000 a year ago. Net income attributable to the company was $165,651,000 against $194,879,000 a year ago. Net cash provided by operating activities was $294,451,000 against $102,819,000 a year ago. Purchases of property, plant and equipment were $75,793,000 against $74,844,000 a year ago. Free cash flow was $148.7 million against negative free cash flow of $12.0 million a year ago. Net debt as on August 27, 2017 was $578.0 million against $835.3 million as on August 27, 2016. Full year 2017 revenue growth guidance raised to 5% to 6% range in constant currency. The company is also raising full year gross margin by approximately 80 basis points to roughly 52%. Despite higher revenues and gross margin, the company continue to expect full year adjusted EBIT comparisons will be pressured as a result of the higher SG&A.

Levi Strauss & Co. Is Looking For Acquisitions

Levi Strauss & Co. is looking for tuck-in acquisitions.

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