Levi Strauss & Co.(NYSE) LEVI

Levi Strauss & Co. makes and sells jeans and casual clothes. They help people find durable outfits for work and play. These items sell in stores and online around the world.

What's in the Closet?

• Pants and Denim: Jeans, casual trousers, shorts, and skirts; accounted for 66% of total units sold in the first nine months of 2026.
• Tops: Shirts, sweaters, jackets, and dresses; accounted for 30% of total units sold in the first nine months of 2026.
• Beyond Yoga: Activewear including leggings and athletic tops for women; expanded through six new company-operated stores by Aug. 30, 2026.
• Accessories: Footwear, belts, and small leather goods that complement the company's apparel lines.

Moving the Needle

• Sold the remaining operations and intellectual property of the Dockers brand by Feb. 27, 2026.
• Expanded the company-operated store network by adding 42 locations in the Americas as of Aug. 30, 2026.
• Opened 16 additional company-operated stores in Asia during the 12 months ended Aug. 30, 2026.
• Transitioned various global distribution and fulfillment centers to third-party logistics providers to improve network efficiency.

The Secret to the Fit

The company operates a diverse distribution network across 120 countries through wholesale partners and direct stores. Its direct-to-consumer strategy prioritizes owned digital platforms and mainline stores to build closer relationships with buyers.

Checking the Pockets

• Net revenues were $1.6 billion in the third quarter of 2026, up 4.3% year over year.
• Net income from continuing operations was $168.6 million in the third quarter of 2026, up 38.2% year over year.
• Gross margin reached 66.2% in the third quarter of 2026, up from 61.7% in the prior-year period.
• Cash provided by operating activities reached $585.2 million for the nine-month period ended Aug. 30, 2026.
• Total liquidity, including cash and unused credit, was approximately $1.5 billion as of Aug. 30, 2026.

Final Stitch

Levi Strauss & Co. is shifting toward a direct-to-consumer model while streamlining its brand portfolio. This focus on owned channels and core denim products supports its long-term operational efficiency.