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Levi Strauss leads by taking flight, heading east to secure growth

Cons. Discr. - Apparel 451 Corp - Ports 858 Earnings 668 Quote Watch 439 U.S. 5211

Levi Strauss delivered FQ2’21 (to May 30) revenue growth of 156% year over year as the firm passed the worst of the pandemic’s impact on revenues. The firm has also overcome logistics congestion issues. The apparel maker’s CEO, Charles Bergh, has stated this has been achieved by “now shipping most of our product into the U.S. through the East Coast” and plans to use more air freight in the coming months. Panjiva’s data shows East Coast ports accounted for 81.9% of U.S. seaborne imports linked to Levi Strauss in calendar Q2’21 after surging 77.9% year over year and by 5.2% compared to Q2’...

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