Levi Strauss & Co. experienced a notable 6.4% growth in net revenues, reaching $1.4 billion in Q2. E-commerce sales increased by 13%, contributing to the overall performance. The gross margin also improved by 140 basis points, now at 62.6%, primarily due to lower product costs. Net income saw a dramatic increase, more than tripling to $67 million. The company's direct-to-consumer revenues rose by 11%, marking the 13th consecutive quarter of growth. Beyond Yoga reported a 12% rise in revenues, reflecting positive brand momentum.
Levi Strauss & Co. reported a 6.4% increase in net revenues year-over-year to $1.4 billion, with e-commerce experiencing a 13% rise. Gross margin expanded to 62.6%, driven by lower costs.
DTC net revenues grew for the 13th consecutive quarter by 11%, while wholesale revenue saw a modest 3% increase. The Beyond Yoga brand also performed well, reporting a 12% revenue increase.
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