Levi Strauss (LEVI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Levi Strauss reported revenue of $1.52 billion for the quarter ended August 2024, reflecting a year-over-year increase of 0.4% [1] - The company's EPS was $0.33, up from $0.28 in the same quarter last year, indicating a positive earnings surprise of +6.45% [1] - Revenue fell short of the Zacks Consensus Estimate of $1.55 billion, resulting in a surprise of -2.25% [1] Revenue Breakdown - Geographic Revenues in the Americas were $757.20 million, down -1.2% year-over-year and below the estimated $788.87 million [3] - Geographic Revenues in Europe reached $406.60 million, up +5.9% year-over-year and exceeding the estimated $393.20 million [3] - Geographic Revenues from Other Brands were $105.90 million, down -6.9% year-over-year and below the estimated $117.63 million [3] - Geographic Revenues in Asia totaled $247.10 million, reflecting a slight increase of +0.2% year-over-year, but also below the estimated $252.10 million [3] Stock Performance - Shares of Levi Strauss have returned +12.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]