Levi Strauss & Co. Class A Stock News

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. Appoints Dario Aguilar As Managing Director, Latin America.

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (LS&Co.) today released its inaugural climate transition plan, which provides a clear roadmap to reaching its near-term greenhouse gas (GHG) emissions reduction target by 2030 and its goal of being a Net Zero company by 2050. Net Zero commitments and climate transition plans are widely considered to be the corporate gold standard of emissions r...

SAN FRANCISCO--(BUSINESS WIRE)--Levi Strauss & Co. (LS&Co.) (NYSE: LEVI) announced today that its board of directors has elected Daniel Geballe to serve as a member of the board, effective April 26, 2025, which is when current member David Friedman is set to retire from the board upon reaching the mandatory retirement age. Geballe currently serves as a managing director at SJF Ventures, where h...

Iconic American apparel manufacturer Levi Strauss and Co. NYSE: LEVI disappointed investors after lowering their guidance on their fiscal third-quarter of 2024 earnings report. While shares initially sold off 8% on the warning from the declining headline metrics, there were many positives in the report that were overshadowed by the initial sell-off reaction.

Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name in khakis, Dockers has struggled to maintain its relevance in a marketplace driven by changing consumer preferences and the rise of athleisure, experts told PYMNTS.

Levi Strauss & Co. faces challenges with disappointing revenue and declining Dockers sales, but improved profitability through a focus on DTC sales and the Levi's brand. Despite underperformance, LEVI's gross margin hit a record 60%, with significant growth in DTC sales and a strong market position in denim. The company is divesting underperforming brands like Dockers to concentrate on high-gro...

Shares of Levi Strauss & Co (LEVI, Financial) dropped by 7.19% today, with the stock price settling at $19.545. This decline follows the release of its third-quarter earnings report, which did not meet Wall Street's expectations.

Levi Strauss & Co.'s Q3 2024 results were disappointing, with flat earnings and downward revised guidance. DTC sales grew by 12%, driven by store openings, but wholesale sales declined, raising concerns about long-term margin sustainability. Project Fuel aims to boost DTC and reduce expenses but has incurred significant restructuring charges, questioning its cost-effectiveness.