Levi Strauss & Co. (LEVI) is a global apparel company that designs, markets, and sells jeans, casual wear, and related accessories. The company was founded in 1853 by Levi Strauss, who immigrated to the United States from Bavaria in 1847. Strauss and his partner, Jacob Davis, invented the first blue jeans in 1873 by adding metal rivets to the pockets and waistband of denim pants, creating a durable garment for miners and laborers.
Today, Levi Strauss & Co. is a publicly traded company with headquarters in San Francisco, California. The company operates in over 110 countries and sells its products through various channels, including wholesale, retail, and e-commerce. Levi’s brand portfolio includes Levi’s, Dockers, Denizen, and Signature by Levi Strauss & Co. The company’s products are sold in a variety of styles, sizes, and prices, and are marketed towards men, women, and children. In addition to jeans, Levi’s also sells a variety of apparel and accessories, including shirts, jackets, shorts, skirts, dresses, belts, and bags.
as of April 7, 2023
Latest quarterly numbers were pretty solid. Revenue grew 6.3% year over year, coming in at $1.69 billion and beating estimates by $80 million. Non-GAAP earnings per share were $0.34, beating by $0.01. A key to the growth was in the Direct-to-Consumer (DTC) segment where sales were up 12%. This is key to the pivot in distribution. The company also reaffirmed expectations for the year with net sales between $6.3 billion and $6.4 billion and adjusted diluted EPS of $1.30 to $1.40. If it can grow earnings at almost any rate, this stock price today ($15ish) is a discount. That said, it’s likely not going to produce 30% a year for investors. For that the price would likely need to be in the single digits.
