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Cotton Picking Prices

Cotton Prices Up

The price of Cotton is up dramatically as another raw material joins the inflation frenzy.  Axios points out some good news for Levis:

Levi Strauss uses 2 pounds of cotton in every pair of pants, CFO Harmit Singh said on Wednesday’s earnings call.

  • To help cover its skyrocketing costs for the material, the company has raised its average selling prices by more than 10% over 2019 levels.

The big picture: Despite higher costs, lean inventories and shoppers’ willingness to pay up are helping big companies continue to grow.

Levi’s gross margins were a record 57.5%