Levi Strauss & Co designs and markets apparel, most famously Levi’s blue jeans, along with brands Beyond Yoga and Levi Strauss Signature. The company creates denim and other clothing by designing fabrics, fits, and details (such as rivets, stitching, and washes) that people wear for everyday life. Its products work by combining durable materials, practical features, and consistent sizing to produce long-lasting jeans and casual wear that people can express themselves in. The company differentiates itself through a long history dating to 1873, a track record of setting labor and environmental guidelines in manufacturing, a portfolio of recognizable brands, and a commitment to ethics and sustainability. Its goal is to use its brands and influence to promote self-expression while embedding sustainability and responsible practices across its operations and supply chain.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
1853
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Company Match
401(k) Retirement Plan
Employee Discounts
Hybrid Work Options
Levi Strauss lifts profit outlook on tariff refunds, but trims sales view after DTC miss. Traders Agency Team The Traders Agency editorial team delivers daily market anal... Follow Traders Agency on Google. Add Traders Agency, LLC as a preferred source so its market analysis shows up more in your Search and AI results. Levi Strauss reported third-quarter adjusted earnings of 48 cents per share, above the 36 cents analysts had expected, helped by tariff refunds - even as the company acknowledged that its direct-to-consumer business underperformed expectations during the quarter. The two per-share figures are not a clean comparison: CNBC, which reported the results, noted it was unclear how the adjusted figure compared with the Wall Street estimate. Tariff refunds lift margins and EPS. Levi said tariff refunds contributed a 16-cent benefit to third-quarter earnings per share, of which 5 cents were "redeployed to support the business," per CNBC's reporting. On the earnings call, CEO Michelle Gass told analysts that the redeployed funds are being directed toward marketing and promotions during the holiday season. The refunds also flowed through to profitability. Levi reported an operating margin of 13.8% for the quarter, up from 10.8% in the same quarter a year earlier, with tariff refunds contributing 4.9 percentage points to both operating margin and gross margin, CNBC reported. By its calculation, based on the two reported margin figures (13.8% versus 10.8%), that represents a 3.0 percentage-point increase, or a 27.8% relative improvement year over year (13.8 minus 10.8, divided by 10.8, multiplied by 100). Despite the margin expansion, net income fell. Levi reported net income of $168.6 million, or 43 cents per share, for the three months ended Aug. 30, down from $218.1 million, or 55 cents per share, a year earlier, according to CNBC. In its reading of these figures, the gap between the adjusted per-share result and the decline in reported net income suggests much of the quarter's reported profitability improvement traced to the tariff refund benefit CNBC said Levi quantified at 16 cents per share, rather than to underlying operating gains. Seeking Alpha reported separately that Levi raised its full-year profit guidance while trimming its sales growth outlook, a characterization that aligns with the tariff-driven margin boost on one side and the direct-to-consumer softness on the other. Seeking Alpha cited soft direct-to-consumer sales but pointed to strong international and wholesale growth as offsetting factors. DTC shortfall weighs on results. The direct-to-consumer channel was the clear soft spot in the quarter. Levi said DTC net revenues increased 2%, but comparable sales were roughly flat, and the channel comprised 45% of total net revenue in the third quarter, according to CNBC. Wholesale revenues, by contrast, increased 6% for the quarter. Gass addressed the shortfall directly on the call with analysts. "While we delivered strong results across much of the business, our DTC performance fell short of our expectations during the quarter," she said, according to CNBC. "We have a clear understanding of what worked and what did not, and we have already taken targeted actions to improve performance." That statement follows prior commentary from the company describing broad-based growth across its business segments, including its core Levi's brand and its premium Blue Tab line, CNBC reported, suggesting the DTC weakness represents a channel-specific issue rather than a broader brand slowdown. Regional trends mixed. Geographic performance was uneven. Levi said net revenues in the Americas rose 4% in the quarter, even as U.S. revenue alone decreased 1%, according to CNBC. The divergence between regional Americas growth and a U.S. revenue decline points to international markets within the Americas region carrying more of the growth than the domestic business. Leadership transition. Separately, CNBC reported that Levi announced last month that John Vandemore will take over as chief financial officer effective Nov. 1, succeeding Harmit Singh, who announced his retirement in April. Market reaction. Shares of Levi were roughly flat in extended trading after initially rising, according to CNBC, suggesting investors weighed the tariff-driven earnings beat against the acknowledged DTC shortfall rather than reacting decisively in either direction. Bottom line. Levi's third quarter presents a split picture: tariff refunds added 16 cents to per-share earnings and 4.9 percentage points to operating and gross margin, according to CNBC, while CEO Michelle Gass conceded that direct-to-consumer performance fell short of the company's expectations. Wholesale revenue rose 6%, and Seeking Alpha pointed to strong international and wholesale growth as offsets to the DTC softness, while Gass said Levi has already taken targeted actions to improve performance. In its reading, the size of the refund-related benefit is the central variable in judging how much of this quarter's margin improvement reflects ongoing operations. Related reading. DISCLAIMER: Traders Agency does not offer financial advice. The information provided is for educational purposes only and should not be considered financial advice. Traders Agency is not responsible for any financial losses or consequences resulting from the use of the information provided. Trading carries inherent risks and may not be suitable for all individuals. You are advised to conduct your own research and seek personalized advice before making any investment decisions, recognizing the potential risks and rewards involved. See more from Traders Agency on Google. Make Traders Agency, LLC a preferred source and its market analysis will appear more prominently in your Google Search, Top Stories, and AI results. The Traders Agency editorial team delivers daily market analysis, stock research, and trading education. Its team of analysts covers stocks, options, crypto, commodities, and macroeconomics to help traders make informed decisions. Join the Edge Stop watching. Start winning. 50,000+ traders get its daily brief before the market opens. Free. No spam. Unsubscribe anytime.
Levi Strauss & Co. has appointed John Vandemore as executive vice president and chief financial officer, effective 1 November 2026. Vandemore joins from Skechers, where he served as CFO for nine years, helping grow the company into the world's third-largest footwear brand with revenues exceeding $9 billion. The appointment comes as Levi Strauss pursues its goal of becoming a $10 billion company by building its direct-to-consumer business and expanding the Levi's brand. Vandemore brings over 25 years of finance and operational experience across consumer, retail and entertainment sectors. He succeeds Harmit Singh, who announced his retirement in April 2026. Singh will remain as chief financial and growth officer until Vandemore starts, then serve as special adviser through November 2026 to ensure a smooth transition.
Levi's names Skechers finance chief John Vandemore CFO. He takes the finance reins from Harmit Singh, who revealed his plans to retire in April. September 30, 2026, 5:22pm Levi Strauss & Co. has turned to the world of footwear for its next chief financial officer. John Vandemore, who's spent the last nine years as CFO of Skechers USA Inc., will become both executive vice president and CFO at the San Francisco-based denim standby. He starts Nov. 1, taking the financial reins from Harmit Singh, who said in April that he was retiring from the expansive role of executive vice president and chief financial and growth officer. Most of Singh's tenure came during Chip Bergh's run as chief executive officer, when the two led the team that reimagined a wholesale-based men's bottoms supplier as much more of a lifestyle retail brand. The current CEO, Michelle Gass, who came to Levi's from Kohl's Corp., is now working to complete that journey by continuing to build out the retail business, as well as women's and tops. Now she has a new partner in the effort. "We are thrilled to welcome John at a pivotal moment for our company," Gass said. "We are building a more direct-to-consumer business, unlocking the full potential of the Levi's brand and transforming LS&Co. into the world's leading denim lifestyle retailer. John's deep financial, operational and consumer experience, combined with his proven ability to help global brands scale and grow profitably, makes him the ideal partner to help us realize our ambition of becoming a $10 billion company." Levi's, which sells through 3,300 stores and shops-in-shop in 120 countries, racked up revenues of $6.3 billion last year. Vandemore brings more than 25 years of finance experience to the task. During his time at Skechers, he helped grow that company to be the world's third-largest footwear brand, with a presence in over 180 countries and more than 5,000 stores. Skechers' revenues nearly tripled to over $9 billion during his watch. "LS&Co. is an iconic company with an unmatched heritage, a globally renowned brand and a clear strategy that is delivering strong momentum and results," Vandemore said. "I have long admired the Levi's brand and am excited to join Michelle and the team and contribute to strengthening consumer connections, accelerating profitable growth and creating long-term value for all stakeholders." Before joining Skechers, he served as executive vice president and CFO of global brands and commercial sales at Mattel Inc. and spent time at International Game Technology and The Walt Disney Co. Newsletters
LS&Co. Announces new Chief Financial Officer. Unzipped Staff Levi Strauss & Co. September 30, 2026 Today Levi Strauss & Co announced the appointment of John Vandemore as Executive Vice President and Chief Financial Officer, effective November 1. "We are thrilled to welcome John at a pivotal moment for our company," said Michelle Gass, President and CEO of Levi Strauss & Co. "We are building a more direct-to-consumer business, unlocking the full potential of the Levi's(R) brand and transforming LS&Co. into the world's leading denim lifestyle retailer. John's deep financial, operational and consumer experience, combined with his proven ability to help global brands scale and grow profitably, makes him the ideal partner to help us realize our ambition of becoming a $10 billion company." John's experience includes more than 25 years of finance leadership experience across global consumer, retail and entertainment businesses. He joins the company from Skechers U.S.A., Inc., where he has served as Chief Financial Officer for the past nine years and led Skechers' global financial organization while also providing oversight of the company's operations functions. With John as CFO, Skechers grew to become the world's third-largest footwear brand, with a presence in over 180 countries, operating across both wholesale and direct-to-consumer channels, including more than 5,000 retail stores globally. During this time, Skechers nearly tripled revenues to over $9 billion while driving strong margin expansion. "LS&Co. is an iconic company with an unmatched heritage, a globally renowned brand and a clear strategy that is delivering strong momentum and results," John said. "I have long admired the Levi's(R) brand and am excited to join Michelle and the team and contribute to strengthening consumer connections, accelerating profitable growth and creating long-term value for all stakeholders." In April 2026, the company announced Executive Vice President and Chief Financial & Growth Officer (CFGO) Harmit Singh's intent to retire from the company after a planned transition period. Harmit will remain in his current role as CFGO until John joins LS&Co. and then will remain a special advisor to the company through November 30 to ensure a smooth transition.
| Fashion's climate push: Clean power becomes a supplier capability. 25 Sep '26 Pic: Generated by ChatGPT Insights. * Levi Strauss & Co. and Marks & Spencer launched the Fashion Renewable Collaborative in New York to help mills and factories access renewable electricity. Cascale's Athens meeting put financing, accountability and business value at the centre of supply-chain transformation. * The platform combines supplier-energy programmes and supports power purchase agreements, certificates, on-site generation. Two developments at major sustainability events this September point in the same direction: fashion is placing greater emphasis on the commercial case for climate action, with suppliers at the centre. On September **, during New York Climate Week, Levi Strauss & Co. and Marks & Spencer launched the Fashion Renewable Collaborative, a platform designed to help mills and factories access renewable electricity. Days earlier in Athens, the Cascale Annual Meeting put financing, accountability and business value at the centre of discussions on supply-chain transformation. Why renewable procurement is becoming a business priority Recent initiatives point to a stronger focus on sustainability measures that can demonstrate business value, with coordinated supplier renewable-electricity procurement emerging as a key example. Suppliers that secure cleaner power can strengthen alignment with brand climate programmes, while those that do not may face greater pressure as buyers focus on measurable progress. The practical test is execution: whether supplier participation moves into procurement contracts, operating projects and measurable emissions reductions. Get Prime for $1 your first week. Full perks, no commitment. Then $19/month. Cancel with one click - no questions asked.