Levi Strauss & Co. Tariff Refund Allocation
What happened
Levi Strauss & Co. recorded roughly $80 million in tariff refunds last quarter, EVP and chief financial and growth officer Harmit Singh said on an Oct. 7 earnings call. The company plans to spend three-quarters of the returned funds, about $60 million, on supply chain improvements and other areas of the business. A third of that $60 million will go to distribution and logistics, with the remainder split equally between marketing and promotional activities; a small portion went toward inventory clearance ahead of the holidays. The reports do not identify the tariffs or refund program at issue.
Generated by AI from the reports · updated 1 hour ago
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- Supply Chain DiveLevi's to spend three-quarters of $80M tariff refund on supply chain and marketing
Levi Strauss & Co. recorded roughly $80 million in tariff refunds last quarter and plans to spend three-quarters of the returned funds on supply chain improvements and other areas of the business, EVP and chief financial and growth officer Harmit Singh said on an Oct. 7 earnings call. A third of the $60 million will go to distribution and logistics, with the rest split equally between marketing and promotional activities, and a small portion went toward inventory clearance ahead of the holidays.
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