01/25/2022 | Press release | Distributed by Public on 01/25/2022 15:03
Year Ended November 28, 2021 |
First Quarter |
Second Quarter |
Third Quarter |
|||
(Dollars in thousands) (Unaudited) |
||||||
Net revenues: | ||||||
Levi's Brands: | ||||||
Americas | $ | 606,121 | $ | 661,435 | $ | 782,333 |
Europe | 416,717 | 354,886 | 479,114 | |||
Asia | 232,916 | 191,789 | 162,178 | |||
Total Levi's Brands net revenues | 1,255,754 | 1,208,110 | 1,423,625 | |||
Other Brands | 49,847 | 67,861 | 73,958 | |||
Total net revenues | $ | 1,305,601 | $ | 1,275,971 | $ | 1,497,583 |
Operating income: | ||||||
Levi's Brands: | ||||||
Americas | $ | 128,650 | $ | 147,542 | $ | 197,999 |
Europe | 110,587 | 59,387 | 138,684 | |||
Asia | 29,244 | 6,255 | (16,410) | |||
Total Levi's Brands operating income | 268,481 | 213,184 | 320,273 | |||
Other Brands(1)
|
943 | 2,430 | 5,029 | |||
Restructuring charges, net | - | (15,515) | 3,615 | |||
Corporate expenses | (92,301) | (93,644) | (112,607) | |||
Total operating income | $ | 177,123 | $ | 106,455 | $ | 216,310 |
Year Ended November 29, 2020 |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
||||
(Dollars in thousands) (Unaudited) |
||||||||
Net revenues: | ||||||||
Levi's Brands: | ||||||||
Americas | $ | 684,811 | $ | 259,872 | $ | 524,198 | $ | 719,018 |
Europe | 495,241 | 126,844 | 377,800 | 391,879 | ||||
Asia | 243,748 | 85,228 | 121,294 | 213,121 | ||||
Total Levi's Brands net revenues | 1,423,800 | 471,944 | 1,023,292 | 1,324,018 | ||||
Other Brands | 82,326 | 25,598 | 39,793 | 61,838 | ||||
Total net revenues | $ | 1,506,126 | $ | 497,542 | $ | 1,063,085 | $ | 1,385,856 |
Operating income (loss): | ||||||||
Levi's Brands: | ||||||||
Americas | $ | 113,574 | $ | (38,622) | $ | 94,350 | $ | 149,436 |
Europe | 131,452 | (64,791) | 87,396 | 53,809 | ||||
Asia | 32,532 | (28,466) | (22,829) | (2,629) | ||||
Total Levi's Brands operating income | 277,558 | (131,879) | 158,917 | 200,616 | ||||
Other Brands(1)
|
8,384 | (5,703) | (7,702) | 1,683 | ||||
Restructuring charges, net | - | (67,371) | (1,071) | (21,973) | ||||
Corporate expenses | (107,160) | (243,291) | (57,819) | (88,308) | ||||
Total operating income (loss) | $ | 178,782 | $ | (448,244) | $ | 92,325 | $ | 92,018 |
Year Ended November 24, 2019 |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
||||
(Dollars in thousands) (Unaudited) |
||||||||
Net revenues: | ||||||||
Levi's Brands: | ||||||||
Americas | $ | 652,571 | $ | 620,122 | $ | 701,815 | $ | 796,575 |
Europe | 448,284 | 384,881 | 445,668 | 428,636 | ||||
Asia | 249,543 | 218,394 | 210,485 | 247,698 | ||||
Total Levi's Brands net revenues | 1,350,398 | 1,223,397 | 1,357,968 | 1,472,909 | ||||
Other Brands | 84,060 | 89,543 | 89,113 | 95,699 | ||||
Total net revenues | $ | 1,434,458 | $ | 1,312,940 | $ | 1,447,081 | $ | 1,568,608 |
Operating income: | ||||||||
Levi's Brands: | ||||||||
Americas | $ | 112,788 | $ | 102,979 | $ | 144,519 | $ | 159,400 |
Europe | 119,503 | 60,037 | 99,857 | 70,670 | ||||
Asia | 43,378 | 17,380 | 17,934 | 8,798 | ||||
Total Levi's Brands operating income | 275,669 | 180,396 | 262,310 | 238,868 | ||||
Other Brands(1)
|
7,929 | (8,237) | 4,728 | 2,752 | ||||
Corporate expenses | (82,686) | (109,261) | (95,820) | (109,973) | ||||
Total operating income | $ | 200,912 | $ | 62,898 | $ | 171,218 | $ | 131,647 |