Key insights
- Levi Strauss CFO Harmit Singh is retiring after 13 years. While the departure itself isn't a major market mover, the transition period and search for a replacement introduces uncertainty. The company's recent sale of Dockers and focus on share repurchases could be viewed positively, but the CFO change tempers immediate bullish sentiment.
SAN FRANCISCO - Levi Strauss & Co. (NYSE:LEVI) announced today that Harmit Singh will step down from his role as Chief Financial and Growth Officer, according to a press release statement.
Singh, who joined the company in 2013 as Chief Financial Officer, will remain in his current position until a successor is appointed. He will then serve as Special Advisor during a transition period before retiring.
The company has begun a search process for Singh’s replacement with assistance from an executive search firm.
During his tenure, Singh oversaw global finance, information technology, mergers and acquisitions, investor relations, strategic sourcing and global business services. In 2023, his responsibilities expanded to include Chief Growth Officer, where he contributed to corporate strategy and transformation initiatives.
"He played an important role in taking the company public, supporting the company’s transformation into a DTC-first retailer, and strengthening our financial foundation and operating rigor," said Michelle Gass, President and CEO of Levi Strauss & Co.
Before joining Levi Strauss & Co., Singh served as Chief Financial Officer at Hyatt Hotels Corporation and held division CFO positions at Yum! Restaurants International and Pizza Hut.
Levi Strauss & Co. reported net revenues of $6.3 billion in 2025. The company sells jeans and casual wear under the Levi’s, Levi Strauss Signature, and Beyond Yoga brands in approximately 120 countries through retailers, department stores, online sites, and roughly 3,300 retail stores and shop-in-shops.
In other recent news, Levi Strauss & Co. has completed the sale of its Dockers brand to Authentic Brands Group, enabling the company to focus more on its Levi’s and Beyond Yoga brands. The company plans to use the net cash proceeds from this transaction for existing accelerated share repurchase programs. In anticipation of upcoming quarterly results, UBS has maintained a Buy rating on Levi Strauss with a price target of $33.00, suggesting a potential small beat in first-quarter sales and earnings per share. UBS also expects Levi Strauss to reaffirm its fiscal 2026 EPS guidance of $1.40 to $1.46.
Meanwhile, Raymond James has lowered its price target for Levi Strauss to $23.00 from $26.00 but continues to rate the shares as Outperform. Analyst Rick Patel from Raymond James notes the potential for a revenue-driven earnings per share beat, citing favorable channel checks. Additionally, Harmit Singh, Levi Strauss’s Chief Financial and Growth Officer, has joined the board of directors at Planet Fitness. Singh has played a key role in Levi Strauss’s strategic growth, including its initial public offering in 2019 and the expansion of approximately 200 stores over the past five years.
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