- July 9, 2021
- Posted by: Stratford Team
- Category: Business
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Levi Strauss & Co. said it has a lot to celebrate in its second quarter financial results, thanks in part to people emerging from lockdown life and sticking with more casual styles in purchasing apparel.
“We generated strong momentum in the second quarter with the accelerated recovery of our revenues and delivered growth across all regions and channels,” president and CEO Chip Bergh said in a statement. “This was underscored by the strength of our brands and our ability to capitalize on evolving denim trends and a continued shift to casualization.”
Levi Strauss & Co. boasted net revenues of $1.3 billion in Q2 – up 156% over the same quarter last year. (David Paul Morris/Bloomberg via Getty Images)
LEVI AND TARGET TEAM UP TO CREATE LIFESTYLE COLLECTION, INVESTS $200 MILLION IN EMPLOYEE BONUSES
The 168-year-old firm boasted net revenues of $1.3 billion in the quarter ending May 30 – up 156% over the…