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Levi Strauss CEO Michelle Gass Sees ‘True Inflection’ in Business
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WWD
Levi Strauss & Co. is on something of a roll — and Michelle Gass, president and chief executive officer, is looking to keep it going.
Organic sales grew by 7 percent to $6.2 billion for the fiscal year ended Nov. 3 — on top of a 3 percent increase in 2024.
Levi’s organic sales in the Americas grew 2 percent during the quarter while Europe was up 10 percent and Asia gained 4 percent.
The direct-to-consumer business, which made up 49 percent of the company’s overall revenues in the quarter, drove organic sales up 10 percent, with e-commerce up 22 percent.
And the Beyond Yoga brand continued its growth spurt with a 45 percent organic sales gain.