LEVI Q3 Earnings: Strong Profit Growth despite Flat Revenue Trends
Thursday, 3 October 2024, 14:07
LEVI Earnings Report Highlights
Levi Strauss & Co. (NYSE: LEVI) reported its financial results for Q3 2024, showing a significant rise in net income while revenues remained flat year-over-year.
Key Financial Metrics
- Net Income: Adjusted net income rose to $132 million or $0.33 per share.
- Previous Year Comparison: An increase from $112 million or $0.28 per share in Q3 2023.
- Reported Earnings: Earnings increased to $21 million or $0.05 per share, doubling from the previous year's $10 million or $0.02 per share.
- Q3 Revenues: Remained unchanged at $1.52 billion.
- Direct-to-Consumer Performance: Revenues grew by 10% on a reported basis and 12% on a constant-currency basis.
CEO Michelle Gass noted, “We are making progress against our strategic priorities, including double-digit growth in our direct-to-consumer business, along with positive performance in the U.S. market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.