Levi Strauss 'A'

Levi Strauss said that Robert Eckert left the board on August 14 upon reaching the mandatory retirement age. The board appointed Joshua Prime as chair and member of the Nominating, Governance and Corporate Citizenship Committee (NGCC) and reduced the number of seats to ten. The company also reported that fiscal Q2 2026 results beat expectations for both profit and revenue, and confirmed a cybersecurity incident involving unauthorized access to company files, with no customer data affected. Analysts including UBS, Stifel and Needham remained positive, raising or reaffirming price targets and/or ratings. » Más en de.investing.com

Levi Strauss reported a cybersecurity incident involving unauthorized access to the work computers of three employees via social engineering. Preliminary findings indicate certain company information was viewed and stolen, but the access has been contained and terminated. The company says there are so far no affected customer data, no business interruption and no expected material impact on operations or finances; external cybersecurity experts are investigating the incident. » Más en de.investing.com

Levi Strauss is driving a repositioning from a pure denim brand to a broader lifestyle provider, with a focus on direct-to-consumer sales, expanding its own stores and online retail. Strategic moves such as the acquisition of Beyond Yoga and the sale of Dockers are intended to enable growth in sports and leisure segments and a concentration on the core brand. Sustainable materials, water-saving production and positive quarterly results with raised annual targets support the outlook, while the technical share price development is still being assessed. » Más en finanzen.net