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Levi Strauss & Co. Cls A (LEVI)

Levi Strauss & Co. is one of the world's largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,100 retail stores and shop-in-shops. Levi Strauss & Co.'s reported 2020 net revenues were $4,453 million.

Company profile

Ticker
LEVI
Exchange
Website
CEO
Charles Bergh
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
LEVI STRAUSS & CO. • Levi Strauss (Australia) Ltd. • Levi Strauss & Co. Europe • Levi Strauss Benelux Retail BVBA • Levi Strauss Continental, S.A. • Levi Strauss International Group Finance • Majestic Insurance International, Ltd. • Levi Strauss Bolivia, S.R.L. • Levi Strauss do Brasil Franqueadora Ltda. • Levi Strauss do Brasil Industria e Comercio Ltda. ...

LEVI stock data

Calendar

7 Jul 22
12 Aug 22
27 Nov 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Nov 21 Nov 20 Nov 19 Nov 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 602.22M 602.22M 602.22M 602.22M 602.22M 602.22M
Cash burn (monthly) 25.47M 51.86M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 62.84M 127.94M n/a n/a n/a n/a
Cash remaining 539.38M 474.28M n/a n/a n/a n/a
Runway (months of cash) 21.2 9.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 22 Jaffe Seth Class A Common Stock Sell Dispose S No Yes 18.75 12,782 239.66K 148,299
29 Jul 22 Jaffe Seth Class A Common Stock Conversion Acquire C No Yes 0 12,782 0 161,081
29 Jul 22 Jaffe Seth Class B Common Stock Class A Common Stock Conversion Dispose C No Yes 0 12,782 0 228,480
29 Jul 22 Jaffe Seth Class B Common Stock Class A Common Stock Sale back to company Dispose D No Yes 18.73 24,995 468.16K 241,262
29 Jul 22 Jaffe Seth Class B Common Stock Class A Common Stock Option exercise Acquire M No Yes 6.1 37,777 230.44K 266,257
29 Jul 22 Jaffe Seth Stock Appreciation Rights Class B Common Stock Option exercise Dispose M No Yes 6.1 37,777 230.44K 188,883
1 Jul 22 Lisa Stirling Class A Common Stock Payment of exercise Dispose F No No 16.01 221 3.54K 26,728
30 Jun 22 Jaffe Seth Class A Common Stock Sell Dispose S No Yes 16.44 11,948 196.43K 148,299
30 Jun 22 Jaffe Seth Class A Common Stock Conversion Acquire C No Yes 0 11,948 0 160,247
30 Jun 22 Jaffe Seth Class B Common Stock Class A Common Stock Conversion Dispose C No Yes 0 11,948 0 228,480
13F holders Current Prev Q Change
Total holders 227 243 -6.6%
Opened positions 43 49 -12.2%
Closed positions 59 41 +43.9%
Increased positions 86 89 -3.4%
Reduced positions 47 59 -20.3%
13F shares Current Prev Q Change
Total value 2.6B 3.09B -16.1%
Total shares 113.53M 114.98M -1.3%
Total puts 2.35M 1.46M +61.3%
Total calls 1.12M 970K +15.6%
Total put/call ratio 2.1 1.5 +39.5%
Largest owners Shares Value Change
Haas Peter E. Jr. 24.23M $606.44M 0.0%
Vanguard 7.89M $155.94M -2.1%
Haas Margaret E. 7.22M $180.7M 0.0%
Parnassus Investments 6.48M $128.05M +19.1%
Wellington Management 6.37M $125.77M +20.5%
MCQEF Macquarie 5.16M $102.03M -1.5%
Eisenhardt Elizabeth H 4.51M $90.55M 0.0%
Broad Bay Capital Management 3.4M $67.18M +10.1%
MTB Illiquid 3.35M $67.26M 0.0%
Putnam Investments 3.04M $59.99M +22.3%
Largest transactions Shares Bought/sold Change
Cambridge Trust 2.07M +1.65M +387.5%
FMR 701.89K -1.51M -68.3%
GS Goldman Sachs 954.6K -1.14M -54.5%
Wellington Management 6.37M +1.08M +20.5%
Parnassus Investments 6.48M +1.04M +19.1%
Artemis Investment Management 1.21M -942.18K -43.7%
Millennium Management 2.07M +913.63K +79.1%
BLK Blackrock 2.26M -839.93K -27.1%
M. Kulyk & Associates 60K -795.48K -93.0%
American Century Companies 631.46K -633.31K -50.1%

Financial report summary

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Risks
  • The COVID-19 pandemic has had an adverse effect on our business and results of operations, and we expect this adverse impact to continue.
  • Global economic conditions could have a material adverse effect on our business, operating results and financial condition.
  • We are a global company with significant revenues and earnings generated internationally, which exposes us to the impact of foreign currency fluctuations, as well as political and economic risks.
  • We may be adversely affected by the financial health of our customers.
  • Extreme weather conditions and natural disasters could negatively impact our operating results and financial condition.
  • Our success depends on our ability to maintain the value and reputation of our brands.
  • Failure to continue to obtain or maintain high-quality endorsers of our products, or actions taken by our endorsers, could harm our business.
  • The success of our business depends upon our ability to forecast and respond timely to consumer demand and market conditions and offer on-trend and new and updated products at attractive price points.
  • We depend on a group of key wholesale customers for a significant portion of our revenues. A significant adverse change in a customer relationship or in a customer's performance or financial position could harm our business and financial condition.
  • Our efforts to expand our retail business may not be successful, which could impact our operating results.
  • If the technology-based systems that give our consumers the ability to shop or interact with us online do not function effectively, our operating results, as well as our ability to grow our digital commerce business globally or to retain our customer base, could be materially adversely affected.
  • We may be unable to maintain or increase our sales through our third-party distribution channels.
  • If we encounter problems with distribution, our ability to deliver our products to market could be adversely affected.
  • Unexpected obstacles in new markets and in our existing markets may limit our expansion opportunities and cause our business and growth to suffer.
  • We face risks arising from restructuring of our operations and uncertainty with respect to our ability to achieve any anticipated cost savings associated with such restructuring.
  • Our business is affected by seasonality, which could result in fluctuations in our operating results.
  • We rely significantly on information technology and data to operate our business, including our supply chain and retail operations, and any failure, inadequacy, compromise or interruption of that technology or data could lead to adverse consequences, including harm to our ability to effectively operate our business, claims that we breached our data privacy security obligations, harm to our reputation and a loss of customers or sales.
  • As we outsource functions, we become more dependent on the entities performing those functions. Disruptions or delays at our third-party service providers could adversely impact our operations.
  • We currently rely on contract manufacturing of our products. Our inability to secure production sources meeting our quality, cost, social and environmental risk mitigation and other requirements, or failures by our contract manufacturers to perform, could harm our sales, service levels and reputation.
  • Our suppliers may be impacted by economic conditions and cycles and changing laws and regulatory requirements which could impact their ability to do business with us or cause us to terminate our relationship with them and require us to find replacements, which we may have difficulty doing.
  • The global apparel industry is subject to intense cost and pricing pressure.
  • Increases in the price or availability of raw materials could increase our cost of goods and negatively impact our financial results.
  • Our business is subject to risks associated with sourcing and manufacturing overseas, as well as risks associated with potential tariffs, transportation disruptions or a global trade war.
  • Changes in tax policy or trade regulations or the imposition of new tariffs on imported products could have an adverse effect on our business and results of operations.
  • The loss of high-quality employees, including members of our executive management and other key employees, or the failure to attract and retain key personnel or maintain our workplace culture could harm our business.
  • Most of the employees in our production and distribution facilities are covered by collective bargaining agreements, and any material job actions could negatively affect our results of operations.
  • We have substantial liabilities and cash requirements associated with our postretirement benefits, pension, and deferred compensation plans.
  • We are subject to a complex array of laws and regulations and litigation and other legal and regulatory proceedings, which could have an adverse effect on our business, financial condition, and results of operations.
  • Changes to trade policy, including tariff and customs regulations, or failure to comply with such regulations may have an adverse effect on our reputation, business, financial condition, and results of operations.
  • Failure to adequately protect or enforce our intellectual property rights could adversely affect our business.
  • The enactment of tax reform legislation, including legislation implementing changes in taxation of international business activities, could adversely impact our financial position and results of operations.
  • We are subject to stringent and changing obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm and other adverse business consequences.
  • Failure to comply with anti-bribery, anti-corruption and anti-money laundering laws could subject us to penalties and other adverse consequences.
  • Our licensees and franchisees may not comply with our product quality, manufacturing standards, social, environmental, marketing, and other requirements, which could negatively affect our reputation and business.
  • Our current and future products may experience quality problems from time to time that could result in negative publicity, litigation, product recalls and warranty claims, which could result in decreased revenues and harm to our brands.
  • If one or more of our counterparty financial institutions default on their obligations to us, we may incur significant losses.
  • We have debt and interest payment requirements at a level that may restrict our future operations.
  • Restrictions in our notes, indentures and credit facility may limit our activities, including dividend payments, share repurchases and acquisitions.
  • If our foreign subsidiaries are unable to distribute cash to us when needed, we may be unable to satisfy our obligations under our debt securities, which could force us to sell assets or use cash that we were planning to use elsewhere in our business.
  • Changes in our credit ratings or macroeconomic conditions may affect our liquidity, increasing borrowing costs and limiting our financing options.
  • The market price of our Class A common stock may be volatile or may decline steeply or suddenly regardless of our operating performance and we may not be able to meet investor or analyst expectations. You may lose all or part of your investment.
  • If securities or industry analysts either do not publish research about us or publish inaccurate or unfavorable research about us, our business or our market, or if they adversely change their recommendations regarding our Class A common stock, the trading price or trading volume of our Class A common stock could decline.
  • Future securities issuances could result in significant dilution to our stockholders and impair the market price of our Class A common stock.
  • The requirements of being a public company may strain our resources, result in more litigation and divert management’s attention.
  • Delaware law and provisions in our amended and restated certificate of incorporation and amended and restated bylaws could make a merger, tender offer or proxy contest difficult, thereby depressing the trading price of our Class A common stock.
  • Our amended and restated certificate of incorporation and our amended and restated bylaws together designate the Court of Chancery of the State of Delaware and the federal district courts of the United States as the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Patents

Utility
Online Ordering and Just-in-Time Manufacturing of Laser-Finished Garments
11 Aug 22
An on-demand manufacturing of apparel system includes online customization and ordering of garments, previewing of the garments, manufacturing including laser finishing of garments, and delivery to the customer.
Utility
Apparel Customized by Using Base Templates and Laser Finishing
28 Jul 22
Laser finishing of apparel products allows an operating model that reduces finishing cost, lowers carrying costs, increases productivity, shortens time to market, be more reactive to trends, reduce product constraints, reduces lost sales and dilution, and more.
Utility
Preventing Degradation of Stored Base Templates Before Laser Finishing
28 Jul 22
Indigo-dyed garments are treated with an anti-ozone agent to prevent ozone-related degradation of the garments before laser finishing.
Utility
Base Templates for Many Finishes by Laser
21 Jul 22
Laser finishing of apparel products allows an operating model that reduces finishing cost, lowers carrying costs, increases productivity, shortens time to market, be more reactive to trends, reduce product constraints, reduces lost sales and dilution, and more.
Utility
Apparel Products by Using Fabric Templates and Laser Finishing
21 Jul 22
Laser finishing of apparel products allows an operating model that reduces finishing cost, lowers carrying costs, increases productivity, shortens time to market, be more reactive to trends, reduce product constraints, reduces lost sales and dilution, and more.