Today, we announced financial results for the second quarter ending May 30, 2021 with reported net revenues of $1.3 billion — up 156% versus the second quarter of fiscal 2020.
Due to the significant impact of COVID-19 on prior year figures, we included certain comparisons to the same period in 2019, so for additional context, net revenues in the U.S. and China exceeded second quarter of fiscal 2019. Europe also exited the quarter growing versus May 2019.
“We generated strong momentum in the second quarter with the accelerated recovery of our revenues and delivered growth across all regions and channels. This was underscored by the strength of our brands and our ability to capitalize on evolving denim trends and a continued shift to casualization,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co. “As we move into the second half of 2021, we are focused on emerging stronger with our strategic priorities of leading with our enduring brand, accelerating our direct-to-consumer connections, and diversifying across categories, channels and geographies.”
Here are more key highlights from our latest results – and for full results, see the press release.