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Levi Strauss & Co (LEVI)
NYSE:LEVI
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.48Last Year’s EPS
$0.44Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 02, 2024
|% Change Since: -16.81%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative aspects. While the Levi's brand showed strong growth, significant challenges were noted in the Dockers business, China market, and Mexico wholesale operations. The company's strategic focus on DTC and international markets like Europe is yielding positive results, but ongoing issues in certain segments suggest a cautious outlook.Company Guidance
In the Levi Strauss & Company Q3 2024 earnings call, the company reported a 2% increase in net revenues in constant currency, with a 5% growth in the Levi's brand globally, marking the best quarterly growth for the brand in two years. Direct-to-consumer (DTC) sales were up 12%, contributing to record Q3 gross margins of 60% and a 250 basis points expansion in adjusted EBIT margins. However, the company faced challenges in Dockers, China, and Mexico, prompting strategic evaluations, including potential sale of the Dockers business. Despite these challenges, Levi's women's business grew 11%, and the company solidified its position as the #1 women's denim brand in the U.S. For Q4, Levi Strauss expects mid-single-digit revenue growth and is optimistic about the impact of its recent partnership with Beyoncé on future performance.Levi's Brand Growth
Levi's brand grew 5% globally in Q3, marking the best quarterly growth for Levi's in 2 years.
Direct-to-Consumer (DTC) Performance
DTC business was up 12%, with e-commerce outperforming at 18%, reflecting strength across all segments.
Record Q3 Gross Margins
Company achieved record Q3 gross margins of 60%, enabling a 250 basis points expansion in adjusted EBIT margin.
Women's Business Performance
Levi's women's business grew 11%, with strong performance in both bottoms and tops.
Europe Market Rebound
Europe returned to growth, up 7% overall, with mid-single-digit growth in wholesale and 10% growth in DTC.
Beyond Yoga Growth
Beyond Yoga was up 19%, driven by strength in wholesale and e-commerce.
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LEVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LEVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 02, 2024 | $20.90 | $19.30 | -7.66% |
| Jun 26, 2024 | $22.78 | $19.27 | -15.41% |
| Apr 03, 2024 | $18.29 | $20.55 | +12.36% |
| Jan 25, 2024 | $15.32 | $15.52 | +1.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Levi Strauss & Co (LEVI) report earnings?
Levi Strauss & Co (LEVI) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Levi Strauss & Co (LEVI) earnings time?
Levi Strauss & Co (LEVI) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEVI EPS forecast?
LEVI EPS forecast for the fiscal quarter 2024 (Q4) is $0.48.
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