earnings
confidence high
sentiment neutral
materiality 0.70
Levi Strauss Q3 adj EPS $0.33 (+18% YoY); Levi’s brand up 5%; strategic review of Dockers
LEVI STRAUSS & CO
2024-Q3 EPS reported
$0.07
revenue$4,515,600,000
- Q3 net revenue $1.5B flat YoY (up 2% constant currency); Levi's brand grew 5% globally.
- Gross margin expanded 440 bps to 60.0%; adjusted diluted EPS $0.33 vs $0.28 (+18%).
- Reported diluted EPS $0.05 includes $111M impairment; adj EBIT margin up 250 bps to 11.6%.
- FY 2024 adj diluted EPS guidance reaffirmed $1.17-$1.27; Dockers brand strategic alternatives evaluated.
- DTC revenue up 10% (e-commerce +16%); Europe revenue up 6% reported, Americas flat.