Core Insights - Levi Strauss & Co reported net revenues of $1.52 billion for Q3 2024, flat on a reported basis but up 2% on a constant-currency basis compared to Q3 2023, with the Levi's® brand achieving a 5% global revenue increase, the highest in two years [2][6] - The company experienced significant margin expansion, with gross margin rising by 440 basis points year-over-year to 60.0%, driven by lower product costs and a favorable channel and brand mix [3][6] - A strategic review of the Dockers® brand was announced, which may involve a potential sale or other strategic transactions, while the company reaffirmed its adjusted diluted EPS guidance for the full fiscal year 2024 [6][7] Financial Performance - Q3 2024 net revenues were $1.52 billion, compared to $1.51 billion in Q3 2023, showing no percentage change [4] - Gross profit increased by 8.5% year-over-year to $910.7 million, while net income rose by 110% to $21 million [4] - Adjusted diluted EPS increased by 18% year-over-year to $0.33, although it was slightly below the analyst estimate of $0.34 [3][4] Balance Sheet and Cash Flow - As of August 25, 2024, the company had cash and cash equivalents of $577 million and total liquidity of approximately $1.3 billion [5] - Total inventories decreased by 7% on a dollar basis, and the company returned approximately $69 million to shareholders in Q3, including $52 million in dividends and $18 million in share repurchases [5] Strategic Outlook - The company is focusing on strengthening the Levi's® brand, which saw a significant acceleration in growth, and is committed to sustaining margin improvements and revenue growth in the upcoming quarters [6][7] - The strategic review of the Dockers® brand indicates potential challenges in that segment, which investors should monitor closely [7]

Levi Strauss & Co. (LEVI) is likely to register bottom and top-line growth when it reports reports third-quarter fiscal 2024 earnings on Oct. 2, after the closing bell. The Zacks Consensus Estimate for revenues is $1.6 billion, which indicates a rise of 2.7% from the year-ago quarter's level. The consensus estimate for quarterly earnings has been stable over the past 30 days at 31 cents per share and indicates an increase of 10.7% from the year-earlier quarter's tally. The company has an average trailing fo ...

The upcoming report from Levi Strauss (LEVI) is expected to reveal quarterly earnings of $0.31 per share, indicating an increase of 10.7% compared to the year-ago period. Analysts forecast revenues of $1.55 billion, representing an increase of 2.7% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company announces its earnings, it ...

Group 1 - Levi Strauss teased a potential collaboration with Beyoncé, leading to a brief increase in the brand's shares by approximately 1% [1] - The Instagram post included imagery related to Beyoncé's latest album "Cowboy Carter," which features a song titled "LEVII's JEANS," generating excitement among her fanbase, the Beyhive [2] - Denim is experiencing a resurgence in popularity, with brands like American Eagle and Abercrombie & Fitch noting this trend as a factor in revitalizing sales [2] Group 2 - Levi's second-quarter earnings in June fell short of Wall Street's sales expectations, but the company's leadership remains optimistic about the future of denim [3] - CEO Michelle Gass highlighted that the growth in denim's popularity is at an all-time high, particularly for items beyond traditional pants, such as denim skirts and dresses [3] - There has been no immediate response from Levi's representatives regarding the potential collaboration with Beyoncé [3]

Company Performance - Levi Strauss (LEVI) closed at $18.83, reflecting a -1.31% change from the previous day, underperforming the S&P 500's daily loss of 0.3% [1] - Over the past month, shares of Levi Strauss gained 11.06%, outperforming the Retail-Wholesale sector's gain of 5.02% and the S&P 500's gain of 3.42% [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $0.33, representing a 17.86% increase compared to the same quarter last year [2] - Quarterly revenue is anticipated to be $1.55 billion, up 2.7% from the year-ago period [2] Full-Year Estimates - Full-year Zacks Consensus Estimates project earnings of $1.25 per share and revenue of $6.31 billion, indicating year-over-year changes of +13.64% and +2.12%, respectively [3] Analyst Estimates - Recent adjustments to analyst estimates for Levi Strauss reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [4] - The Zacks Rank system, which includes estimate changes, currently ranks Levi Strauss at 3 (Hold) [6] Valuation Metrics - Levi Strauss has a Forward P/E ratio of 15.32, which is a discount compared to the industry's average Forward P/E of 15.98 [7] - The company has a PEG ratio of 1.11, while the Retail - Apparel and Shoes industry had an average PEG ratio of 1.84 [7] Industry Ranking - The Retail - Apparel and Shoes industry holds a Zacks Industry Rank of 97, placing it in the top 39% of over 250 industries [8]

In the latest market close, Levi Strauss (LEVI) reached $19.08, with a -0.63% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.3%. The jeans maker's shares have seen an increase of 9.65% over the last month, surpassing the Retail-Wholesale sector's gain of 5.52% and the S&P 500's gain of 3.64%. Market participants will be closely following the financial result ...

Levi Strauss (LEVI) closed the latest trading day at $18.94, indicating a -1.81% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.89%. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 1.67%. The jeans maker's shares have seen an increase of 10.23% over the last month, surpassing the Retail-Wholesale sector's gain of 2.93% and the S&P 500's gain of 2.17%. The upcoming earnings release of Levi Strauss will be of great interest to investor ...

Levi Strauss (LEVI) closed the most recent trading day at $18.99, moving +0.96% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.21%. The jeans maker's shares have seen an increase of 2.45% over the last month, surpassing the Retail-Wholesale sector's loss of 1.25% and the S&P 500's loss of 1.49%. The investment community will be paying close attention to the earnin ...

Levi Strauss (LEVI) closed at $17.52 in the latest trading session, marking a -0.9% move from the prior day. This move lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.51%. The jeans maker's stock has dropped by 7.53% in the past month, falling short of the Retail-Wholesale sector's loss of 6.2% and the S&P 500's loss of 4.45%. Market participants will be closely following the financial results of Levi Strauss in its upcoming release. It is antic ...

Marina Shvetsova/iStock via Getty Images Review Aside from DTC, it was also encouraging to learn that LEVI saw sequential improvement in wholesale sell-through in the US and Europe, highlighting more normalized channel inventory levels and continued improvement in US trends exiting the quarter. These are a few implications from this. Firstly, this tells us that consumer demand for denim products has improved. Secondly, this means lower pressure on the LEVI balance sheet to hold inventories on its balance sh ...