Yahoo Finance’s Brian Sozzi spoke with Levi Strauss & Co’s President and CEO Chip Bergh about how the company is navigating the coronavirus outbreak.

Levi Strauss & Co. (LEVI) today announced that it is commencing a private placement of $300 million aggregate principal amount 5.00% senior notes due 2025. The notes will be treated as a single series with the 5.00% senior notes due 2025 outstanding in the aggregate principal amount of $500 million which were issued by the company on April 27, 2015.

As we near the road to recovery, Harmit Singh, Levi Strauss & Co. CFO, joins Yahoo Finance to discuss Levi’s plan to come out on top following the coronavirus pandemic. He also shares how the consumer experience may be a little different, including the possibility of curbside pickup.

Levi Strauss (LEVI) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

Levi Strauss & Co. Prices Private Placement of Senior Notes

LEVI STRAUSS & CO. REPORTS FIRST-QUARTER 2020 EARNINGS

Levi Strauss & Co. shares rose 1% in the extended session Tuesday after the retailer reported fiscal first-quarter profit and sales above Wall Street expectations, benefiting from Black Friday earlier in the quarter but suffering the impact of the coronavirus pandemic by mid-quarter mainly in its business in Asia. Levi Strauss said it earned $153 million in the quarter, which ended Feb. 23, or 37 cents a share, compared with $147 million, also 37 cents a share, in the year-ago quarter. Sales rose 5% to $1.5 billion, the company said. Analysts polled by FactSet expected Levi Strauss to report GAAP earnings of 36 cents a share on sales of $1.46 billion for the quarter. Levi Strauss said its Levi's brand has "endured" through world wars, the 1918 flu pandemic, and other catastrophes and has the experience to "weather the crisis." The company said it would pay a dividend of 8 cents a share in the second quarter, and it was withdrawing its 2020 guidance for the year due to the economic uncertainty. The "adverse impact to the company's second-quarter net revenues, earnings and cash flows is expected to be materially significant," it said. Shares of Levi Strauss had ended the regular trading day up 9.8%.

For his first Executive Decision segment of "Mad Money" on Monday, host Jim Cramer spoke with Chip Bergh, CEO of Levi Strauss & Co. , the apparel maker. Bergh said that during times such as these, brands matter, and that Levi Strauss continues to cut costs and currently has $1.8 billion in liquidity to help it weather the coronavirus storm. Bergh noted that Levi Strauss continues to diversify.

Yahoo Finance talks with Levi's CEO Chip Bergh about the company's latest earnings and the future of retail following the coronavirus outbreak.

Levi Strauss & Co. posted better-than-expected quarterly results Tuesday, but withdrew full-year guidance and cautioned that it will reassess dividend payments because of the sharp economic downturn tied to the COVID-19 pandemic. With Levi's stores in the U.S., Europe and much of Asia closed since mid-March "the adverse impact to the company's second-quarter net revenues, earnings and cash flows is expected to be materially significant," Levi Strauss said in a statement. The stock has fallen 44.6% since the company last reported earnings on Jan. 30.

Businesses like Nike and Levi's realize that if they want customer loyalty in the future, they need to be loyal to their customers now.

The company also reported better-than-expected earnings and revenue for the first quarter ended Feb. 23, even as sales in Asia declined due to store closures, sending Levi's shares up about 3%. Like many U.S. retailers, Levi's has been hit by the coronavirus crisis as lockdowns in China and the United States to curb the spread of the infection forced store closures. Levi's has stood through the world wars and the 1918 flu pandemic in its 167-year history.

It seems as if department stores haven’t been able to catch a break. Now, warns Citigroup, they have another problem: a desire by brands to start selling directly to consumers.

Sales were up in the US and Europe, but fell in China Continue reading...

Apparel stores are facing severe distress in the short term related to efforts to slow the coronavirus pandemic. This will affect Levi Strauss (NYSE: LEVI), for which Wall Street analysts are currently predicting sales to be cut in half year over year for the May-ending fiscal second quarter. Levi's stock price is down almost 27% year to date, as investors discount a bad year ahead for the top denim brand.

Nike has retained its spot as the world’s most valuable apparel brand but the brand value of the sector could fall by 20% due to the coronavirus pandemic, according to a global report.

Yahoo Finance catches up with Levi's CEO Chip Bergh to discuss how he is leading during the coronavirus pandemic.

Levi Strauss (LEVI) delivered earnings and revenue surprises of 14.29% and 1.90%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?

At 167 years old, Levi Strauss and Co. (NYSE: LEVI) is certainly one of the oldest American companies still operating. Like Coca-Cola or Nike, Levi's is the classic in its category that doesn't go out of style. Because its merchandise is so laser-focused on a niche product, the company is less susceptible to changing styles.

Q1 2020 Levi Strauss & Co Earnings Call