Today, Levi Strauss & Co. announced financial results for our third quarter ending August 29, 2021 with reported net revenues of $1.5 billion up 41% versus our third quarter of 2020.
Due to the significant impact of COVID-19 on prior year figures, we also included comparisons to this same period in 2019 for additional context, which showed us up 3% versus our third quarter results of that year.
“We delivered a strong quarter with revenue growth versus pre-pandemic 2019 levels, despite a more difficult macro-environment than we expected,” said Chip Bergh, LS&Co. president and chief executive officer. “These results reflect the strength of the Levi’s® brand, improving momentum in our direct-to-consumer business and the scale and agility of our supply chain network where we have executed against macro-headwinds exceptionally well. Our future is bright given our iconic Levi’s® brand and the acquisition of Beyond Yoga, which establishes our position in the fast-growing, high-margin premium activewear market as we continue to capitalize on global casualization trends.”
Here are more key highlights from our latest results – and for full results, see the press release.