Levi Strauss Achieves Impressive Q4 Growth

Levi Strauss and Co. has announced a significant 12% increase in net revenue for the fourth quarter of fiscal 2024, totaling $1.8 billion compared to the same period in 2023. This remarkable growth highlights the company's strong performance and strategic initiatives.

Financial Highlights and Shareholder Returns

For the quarter ending December 1, net income soared by 44% to $183 million, with diluted earnings per share increasing to $0.46 from $0.32. Annually, Levi Strauss reported a revenue of $6.4 million, a 3% rise from the previous year. Despite a 16% decrease in net income to $211 million and a drop in diluted earnings per share to $0.52 from $0.62 in 2023, the company significantly increased its returns to shareholders by 45%, distributing $289 million.

Leadership Insights and Market Response

"In Q4, the company delivered accelerating revenue growth, up 8% on an organic basis, significantly improved DTC profitability, strong cash flow generation and better-than-expected bottom-line results," stated Chief Financial Officer Harmit Singh. Following the announcement, Levi Strauss's shares experienced a 4.09% decline, trading at $17.35 each.