Levi Strauss NYSE: LEVI producent odzieży - kultowe jeansy

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Levi Strauss hikes dividend by 50 percent. $LEVI

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Levi Strauss (NYSE:LEVI) stock rose 2.1% after Stifel initiated coverage on the jeans manufacturer with a ‘buy’ rating, saying the stock can jump around 40%.

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IPO Stocks To Buy And Watch: Jeans Maker Levi Strauss Nears Buy Point Amid Post-Covid Demand Surge

https://www.investors.com/stock-lists/i ... and-surge/

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Levi Strauss Lifts Guidance After Q3 Results Beat Estimates; Shares Climb

Investing.com - Levi Strauss (NYSE:LEVI) (NYSE:LEVI) reported Wednesday third-quarter results that topped Wall Street expectations, and raised its guidance for the full year amid ongoing momentum.

Shares rose more than 2% in after market hours.

The company reported adjusted EPS of 48 cents on revenue of $1.50 billion, topping estimates of 37 cents and $1.48 billion, respectively.

Revenue, which jumped 41% from the prior-year period, underpinned by improving momentum in its direct-to-consumer business.

The direct-to-consumer segment reported net revenues up 34% versus Q3 2020 and up 4% versus Q3 2019.

Looking ahead the company raised its full-year adjusted diluted EPS was raised to a range of $1.43-to-$1.45 from $1.29-to-$1.33.

Q4 adjusted diluted EPS was expected in a range of 38-to-40 cents on revenue growth of 20% to 21% year-on-year.

Levi also authorized a $200 million share repurchase program.

"We delivered a strong quarter with revenue growth versus pre-pandemic 2019 levels, despite a more difficult macro-environment than we expected,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co.

https://www.investing.com/news/stock-ma ... mb-2636809

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Levi Strauss (LEVI) beat third-quarter
views. The jeans-maker’s Q4
outlook came in slightly below estimates.
But it raised its full-year
profi t outlook above forecasts and
said it saw full-year sales “nearly
reaching 2019” levels. Shares
jumped from a six-month low.

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(Reuters) -Levi Strauss & Co quarterly results beat Wall Street estimates on Wednesday, helped by price increases and strong demand for its jeans, tops and jackets as more people venture out and attend social events.

Shares of the jeans maker, which reaffirmed its revenue and profit forecast for 2022, rose about 2% in extended trading.

Levi has benefited from price increases aimed at mitigating the impact of supply chain disruptions, inventory shortages and inflationary pressures, while an accelerating trend for high-rise jeans and loose-fitting clothes has also helped drive sales in companies such as Levi and Wrangler.

Double-digit sales growth in every market helped the company offset some of the headwinds, and more full-price sales and lower promotions boosted the company's performance, Telsey Advisory Group retail analyst Dana Telsey said.

Levi first-quarter revenue rose 21.8% to $1.59 billion, compared with analysts' average estimate of $1.55 billion, according to IBES data from Refinitiv.

The San Francisco-based company's net income for the quarter ended Feb. 27 rose to $195.8 million, or 48 cents per share, from $142.5 million, or 35 cents per share, a year earlier.

Excluding items, Levi earned 46 cents per share, above estimates of 42 cents per share.

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On the earnings front, Levi Strauss & Co (NYSE:LEVI) fell more than 9% after trimming its full-year guidance as ongoing supply chain troubles and a stronger dollar bite.

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Kohl's CEO Gass to leave for top job at Levi Strauss

(Reuters) -Kohl's Corp boss Michelle Gass is leaving to take the helm at Levi Strauss & Co (NYSE:LEVI) amid renewed calls from activist investors for management changes at the struggling department store chain.

Kohl's (NYSE:KSS) said it would install Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, as interim chief from Dec. 2, sending its shares up 10% on Tuesday. The company also forecast third-quarter earnings above Wall Street estimates.

Gass came under renewed pressure from Macellum Advisors and Ancora after Kohl's decided in July to remain independent after exploring a sale.

Ancora said it was "pleased" with Kingsbury's appointment and that it was the right time for Kohl's to pivot to new leadership. Macellum did not respond to a request for comment.

Gass, a former Starbucks (NASDAQ:SBUX) executive who took the helm at Kohl's in 2018, will become president at Levi's early next year before taking over from long-time CEO Chip Bergh within 18 months.

Bergh has led Levi's for the last 11 years and was involved in the company's return to public markets in 2019.

At Levi's, Gass faces the challenge of helping the denim maker navigate out of an inflationary environment that has caused a slump in discretionary spending and hit earnings across the retail space.

"I expect Gass' focus at Levi's will be on bringing the company closer to consumers through better distribution and direct selling, particularly online," said Neil Saunders, managing director at research firm GlobalData.

Gass is no stranger in finding ways to pull in new retail customers, having helped drive more traffic to Kohl's stores through tie-ups with Sephora and Amazon.com Inc (NASDAQ:AMZN).

Kohl's on Tuesday forecast third-quarter earnings of 82 cents per share, compared with analysts' estimates of 64 cents, according to Refinitiv IBES data.

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Gap (NYSE:GPS) stock rose 3.2% and Tapestry (NYSE:TPR) stock rose 2.6% after Goldman Sachs upgraded both retailers to 'buy' from 'neutral', expecting them to thrive as customers became more discerning with their spending. On the flip side, the investment bank downgraded Levi Strauss (NYSE:LEVI), down 0.7%, to 'neutral' from 'buy'.

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Levi Strauss drops 8% after cutting annual guidance on macro pressure; analysts lower numbers

Investing.com -- Levi Strauss (NYSE:LEVI) cut annual guidance on Thursday, after second-quarter earnings beat Wall Street expectations, but sales were pressured by a drop in wholesale revenue.

Shares of the denim retailer fell nearly 8% in premarket Friday.

The company cut its guidance on adjusted diluted EPS for 2023 to a range of $1.10 to $1.20 from $1.30 to $1.40 and said it now expects revenue of growth of between 1.5% and 2.5% from 1.5% and 3% previously.

The weaker guidance comes as the company reported a beat on the bottom line as higher margins offset a drop in revenue, driven by a fall in wholesale revenue amid a shift to a direct-to-consumer model.

"Wholesale net revenues decreased 22% on reported and constant-currency bases as strong growth in Asia and Latin America was offset by declines in North America and Europe," the company said.

Levi reported fiscal Q2 adjusted EPS of $0.04, beating estimates of $0.03, while revenue of $1.34 billion was in line with expectations.

Direct-to-consumer net revenue was up 13%, driven by "broad-based growth in both company-operated mainline and outlet stores and e-commerce," the company said.

Total inventories increased 18% in Q2 year-on-year, with the company touting further improvement in inventory levels expected to drop below prior year levels by year end.

Wall Street analysts lowered numbers on LEVI following the guidance cut. BofA analysts moved to $14 per share on the Neutral-rated LEVI stock.

"We reiterate Neutral on LEVI as we think the stock’s current valuation (10x F24 P/E and 7x EV/EBITDA) fairly reflects the combination of a softening wholesale outlook and encouraging direct to consumer (DTC) and int’l trends."

Similarly, Wells Fargo analysts cut the target to $15 per share, but remain Overweight-rated.

"2Q was another tough quarter for LEVI — as mounting pressure in US wholesale drove lowered 2H revs, but more notably a much larger margin/EPS cut due to needed promos and strategic pricing actions. [This] print keeps LEVI in the penalty box," the analysts said in a note.

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Levi Strauss & Co Class A (NYSE:LEVI) reported Q3 EPS of $0.28, $0.01 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.54B. Levi sees FY2023 EPS at low-end of of $1.10-$1.20, versus the consensus of $1.12.

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Levi Strauss & Co (NYSE:LEVI)., during its third quarter earnings conference call, reported flat revenues compared to the previous year, with a 2% decline on a constant-currency basis. The company, however, saw strong double-digit growth in its direct-to-consumer business, and announced plans to focus on this model, alongside driving international growth and diversifying its business. Levi's is also accelerating its transition to a direct-to-consumer (DTC) business model with plans to enhance its e-commerce platform and loyalty program. The company expects flat to 1% revenue growth for the full year and a low-to-mid single-digit revenue increase in Q4.

Key takeaways from the call:

Levi's reported a gross margin of 55.6% and adjusted SG&A expenses of $702 million in Q3. The company's DTC business saw growth, while wholesale sales remained soft.
The company is focusing on Mexico and India as key growth markets, with brand-building and strong performance leading to significant sales growth compared to pre-pandemic levels.
Levi's is planning to expand its denim dressing offerings, and is seeing success in categories beyond denim, such as chinos.
The company is conducting a review of its operating model to drive cost and working capital savings. It aims to achieve a 15% EBIT margin over time.
Levi's has announced partnerships with Crocs (NASDAQ:CROX), Kenzo, Denim Tears, and the K-pop band NewJeans to strengthen its brand.
The company is working on a new innovation platform for 2024, and is focusing on product innovation and improved assortment to stabilize its wholesale business.
Levi's is narrowing its EPS outlook to the low end of its previous range of $1.10 to $1.20. It expects adjusted gross margin to contract by approximately 90 basis points, and adjusted EBIT margin to be around 9% for the full year and approximately 12% for Q4.
The company plans to continue investing in its key markets and expand its product offerings. It also aims to become a $9 billion to $10 billion organization. In the third quarter, Levi's achieved 13% growth in its DTC channel and saw a 9.1% adjusted EBIT margin. The company remains confident in its brand and is working towards long-term profitable growth.

During the earnings call, the company discussed its recent strategic pricing actions and mentioned that they have seen a distinct change in trend for the items on which they increased prices. They believe they have isolated the most price-sensitive items and are not planning further price adjustments. The company is committed to driving gross savings and improving operating margin, particularly in relation to their pivot to a direct-to-consumer business model. The company is working on refining their timelines, design, product development, and vendor base. The company is prioritizing category expansion and international growth, as well as DTC operations. They are committed to becoming a more efficient and agile company to achieve long-term shareholder goals.