Levi Strauss & Co. IPO: 5 things to know about the iconic jeans company
By Tonya Garcia and Francine McKenna
Sell at least 36.7 million shares at $17 apiece, raising about $623.3 million at a valuation topping $6.5 billion.
Net revenue has grown from $4.8 billion in fiscal 2011, representing a compound annual growth rate of 2.3%. However, net income has grown from $135 million in fiscal 2011 to $285 million in fiscal 2018, for a CAGR of 11.3%.
“Sales to our top ten wholesale customers accounted for 27%, 28% and 30% of our total net revenues in fiscal years 2018, 2017 and 2016, respectively,” the company said. But it doesn’t have long-term contracts with its major wholesale customers.
Source: Market Watch
https://www.marketwatch.com/story/5-thi ... 2019-02-15