Levi Strauss & Co. - Ordinary Shares Cls A

NYSE:LEVI  
17.31
+0.57 (+3.40%)
Share Repurchases, Other Pre-Announcement

Levi Strauss & Co. Introduces Plan To Accelerate Growth, Profitability And Capital Returns To Shareholders

Published: 06/01/2022 15:08 GMT
Levi Strauss & Co. - Ordinary Shares Cls A (LEVI) - .
Introduces Plan to Accelerate Growth, Profitability and Capital Returns to Shareholders.company Reaffirms Annual Guidance.
To Expand Dtc to 55% of Total Revenue, Triple Ecommerce Sales by 2027.
Reaffirms Annual Guidance.
Board of Directors Approves $750 Million Share Repurchase Authorization.
Sees 2027 Net Revenue of $9 Billion to $10 Billion Reflecting 6-8% Organic Annual Growth.
Sees Adjusted Ebit Margin Expansion to 15% by 2027.
Board of Directors Approves $750 Million Share Repurchase Authorization.
Expects to Nearly Double Both Women's and Tops Revenue by 2027.
FY2022 Earnings per Share View $1.55, Revenue View $6.44 Billion -- Refinitiv Ibes Data (analyst estimates).