Levi Strauss Q4 Financial Highlights

Levi Strauss & Co. has announced a remarkable 12% increase in net revenue for the fourth quarter of fiscal 2024, totaling $1.8 billion compared to the same period in 2023. The company also saw a significant 44% rise in net income, reaching $183 million, with diluted earnings per share climbing to $0.46 from $0.32.

Annual Financial Performance

For the entire year, Levi Strauss reported a revenue of $6.4 million, marking a 3% increase from the previous year. However, net income experienced a 16% decline to $211 million, and diluted earnings per share decreased to $0.52 from $0.62 in 2023. Despite this, the company managed to return $289 million to shareholders, showcasing a 45% increase over the prior year.

Executive Insights

"The fourth quarter showcased the company's ability to accelerate revenue growth, improve direct-to-consumer profitability, generate strong cash flow, and exceed bottom-line expectations," stated Chief Financial Officer Harmit Singh. Following the announcement, the company's shares saw a 4.09% drop, selling at $17.35 each.