Levi Strauss & Co (NYSE: LEVI)

Levi Strauss & Co., often recognized by its stock symbol LEVI, is a global apparel company with a storied history that spans back to 1853. It operates in the clothing industry and boasts a robust presence in over 110 countries worldwide. The company's product offerings extend beyond its iconic denim jeans to include a wide range of apparel such as casual and dress pants, tops, shorts, skirts, dresses, jackets, footwear, and related accessories. Under its umbrella, Levi Strauss & Co. operates several brands, including Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen, among others.

The company's operations are divided into three reportable segments: Americas, Europe, and Asia. In the Americas, which accounts for approximately 45% of the company's revenue, Levi's is a leading player in the jeans market with a significant presence in department stores, specialty retailers, and online marketplaces. Europe, contributing to around 25% of LEVI's revenue, sees the Dockers brand as a popular choice among consumers, with a strong presence in department stores and specialty retailers. The Asia segment, accounting for approximately 30% of the company's revenue, has the Levi's brand as a major player in the jeans market, with a strong presence in department stores, specialty retailers, and online marketplaces.

LEVI generates revenue through a combination of wholesale and direct-to-consumer (DTC) channels. Wholesale sales form the majority of the company's revenue, with products sold to retailers such as department stores, specialty retailers, and online marketplaces. The DTC channel, which includes company-operated retail stores, e-commerce sites, and shop-in-shops, accounts for a substantial portion of the company's revenue.

The Levi's brand, being the company's flagship, is recognized for its high-quality products, classic designs, and commitment to sustainability. The Dockers brand, on the other hand, is focused on khaki pants and other casual apparel products. LEVI has expanded its portfolio through strategic acquisitions, including the purchase of the Beyond Yoga brand in 2021, a premium athleisure apparel brand offering high-quality, comfortable, and stylish products for women and men.

LEVI's competitive edge lies in its strong brand recognition, high-quality products, and commitment to sustainability. Its global reach and diverse product offerings further strengthen its position in the market. The DTC channel allows the company to connect directly with consumers, build brand loyalty, and increase revenue.

In terms of financial performance, LEVI reported net revenues of $6.1 billion in fiscal year 2023, with a net income of $1.1 billion. The company has a strong track record of profitability, with a return on invested capital of over 23%.