Shares of the Levi Strauss and its report

One of the popular clothing and footwear manufacturers, Levi Strauss and Co. (NYSE: LEVI) has released its financial results for Q1st 2022.

As for the company's shares, the stock opened at $19.24 in yesterday's trading and closed at $19.41, losing -1.52%.

Levi and Strauss had a maximum price per share of $19.61 in yesterday's trading. However, the minimum value per share was USD 18.53.

Also, it is worth noting that the company's shares have fallen by -4.62% in the last five days.

The company's 52-week high is USD 30.84 and the 52-week low is USD 17.34.

The company has a market capitalisation of USD 7.74 billion.

Report from the clothing and footwear manufacturer

Levi Strauss and Co. said in its report that the company's reported net revenue (US$1.6 billion) was up 22% and 26% in constant currency. Also, the company's gross margin was 59.3 per cent.

Operating margin was 14.7% and adjusted EBIT margin was 14.9%. It is worth noting that the company had a margin of 13.3% in the same quarter last year.

Levi Strauss reported net income of $196 million and adjusted net income of $189 million. However, last year's Q1st profit was US$140 million.

The effective income tax rate was 20.4%, when last year in Q1st it was 7.9%.

Diluted earnings per share were US$0.48, however, adjusted diluted earnings per share were US$0.46.

Levi Strauss and Co. was founded in 1853 and is headquartered in San Francisco, California.

Leadership of the Levi Strauss and Co:

Chip Bergh - President and CEO;
Santiago Cucci - SVP and Global Head of Dockers Brand;
Seth Ellison - EVP and CCO; Interim Levi's Brand President;
Karyn Hillman - SVP and CPO;
Seth Jaffe - EVP and General Counsel;
Tracy Layney - SVP and Chief Human Resources Officer;
Heidi Manes - SVP and Chief Transformation Officer;
Kelly McGinnis - SVP and CCO;
Liz O'Neill - EVP and COO;
Harmit Singh - EVP and CFO;
Michelle Wahler - CEO and Co-Founder of Beyond Yoga;
Katia Walsh - SVP and Chief Strategy and Artificial Intelligence Officer.