Categories AlphaGraphs, Consumer, Earnings

LEVI Earnings: A snapshot of Levi Strauss’ Q4 2023 financial results

Levi Strauss & Co. (NYSE: LEVI) announced results for the fourth quarter of 2023, reporting a modest increase in revenues amid broad-based growth in both company-operated mainline and outlet stores.

Levi Strauss & Co. Q4 2023 earnings infographic

The apparel company’s net income declined to $126.8 million or $0.32 per share in the fourth quarter from $150.6 million or $0.38 per share in the prior year period. On an adjusted basis, net income was $179 million or $0.44 per share in Q4, compared to $137 million or $0.34 per share in the corresponding period of 2022.

The company posted net revenues of $1.64 billion for the November quarter, up 3% from $1.59 billion reported in the prior-year quarter. Direct-to-consumer net revenue increased 11%, driven by broad-based growth in both company-operated mainline and outlet stores and e-commerce.

“While 2023 was a challenging year, we ended on a strong note and I am optimistic about the future. I couldn’t be more confident in Michelle as my successor, and together with the rest of our team, they position the company to thrive in its next phase of growth,” said Levi’s CEO Chip Bergh.

Prior Performance

  • Levi Strauss' 3Q 2022 Financial Summary

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Infographic: How Macy’s (M) performed in Q4 2023 financial results

Macy’s, Inc. (NYSE: M) reported fourth quarter 2023 earnings results today. Net sales were $8.1 billion, down 1.7% versus the same period a year ago. Total revenue dropped to $8.37

AZO Earnings: AutoZone’s Q2 2024 earnings rise on higher sales

AutoZone, Inc. (NYSE: AZO) announced financial results for the second quarter of 2024, reporting higher sales and net profit. The company had a total of 7,191 stores open at the end

SJM Earnings: Key quarterly highlights from J.M. Smucker’s Q3 2024 financial results

The J.M. Smucker Co. (NYSE: SJM) reported third quarter 2024 earnings results today. Net sales increased 1% year-over-year to $2.23 billion. Comparable sales increased 6%. Net income decreased 42% to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top