Levi Strauss‘ (NYSE: LEVI) latest earnings report shows a company building momentum for a post-pandemic world. The biggest indicator of that was management’s discussion on the earnings call about the growth opportunities of a new physical store format it’s calling “NextGen.”
While digital revenue — both via the company’s own e-commerce site and from the online sales of its wholesale partners — increased a robust 34% in the last quarter, the company still sees its brick-and-mortar stores playing a vital role in growing the brand. And it’s clearly playing offense there.
Management mentioned three specific catalysts during the earnings call that could push the share price higher in 2021.