The earnings call reflects a positive outlook with strong growth in key areas such as direct-to-consumer, women's business, and gross margin achievements. However, challenges remain in managing SG&A expenses, navigating the wholesale channel, and addressing issues in China. The strategic exits of Denizen and the footwear business also present short-term revenue headwinds.

Company Guidance

During the fourth quarter and fiscal year-end call for Levi Strauss & Company, the company reported strong financial results and provided guidance for 2025. For the fourth quarter, net revenues increased by 12% on a reported basis and 8% on an organic basis, excluding the impacts of the Denizen business exit, footwear exit, 53rd week, and foreign exchange headwinds. For the full year, organic net revenue grew by 3%, with a record gross margin of 60% and adjusted EBIT margin expansion of 120 basis points, leading to a double-digit increase in earnings per share to $1.25. Looking forward to 2025, Levi Strauss expects organic net revenue growth of 3.5% to 4.5%, with reported net revenues expected to be down 1% to 2% due to currency and other headwinds. Gross margin is anticipated to expand by 100 basis points to approximately 61%, with an adjusted EBIT margin of around 10.9% to 11.1%. The company plans to continue its DTC-first strategy, with high single-digit organic growth in direct-to-consumer channels and a cautious approach to wholesale, expecting it to be flat for the year. The effective tax rate is expected to be approximately 23%, with adjusted diluted EPS in the range of $1.20 to $1.25.

Strong Q4 Revenue Growth

Net revenues increased 12% on a reported basis and 8% on an organic basis in Q4, marking a strong finish to the fiscal year.

Record Gross Margin Achieved

The all-time record gross margin of 61.3% was achieved, reflecting a 350 basis point expansion compared to the previous year.

Women's Business Momentum

The Levi's women's business grew 12% in Q4, reaching nearly $2 billion in sales for the full year, marking a significant milestone as Levi's becomes the number one women's denim brand.

Direct-to-Consumer Growth

Global direct-to-consumer business posted its 11th consecutive quarter of positive comps, with a 14% growth in Q4, achieving 11% growth for the full year.

E-commerce Expansion

E-commerce grew 14% in Q4, contributing to strong overall DTC performance and further margin expansion in 2024.

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Levi Strauss & Co (LEVI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LEVI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 03, 2025	2025 (Q1)	0.28 / -	0.26	―	―	―
Jan 29, 2025	2024 (Q4)	0.48 / 0.50	0.44	13.64% (+0.06)	―
Oct 02, 2024	2024 (Q3)	0.31 / 0.33	0.28	17.86% (+0.05)	―
Jun 26, 2024	2024 (Q2)	0.11 / 0.16	0.04	300.00% (+0.12)	―
Apr 03, 2024	2024 (Q1)	0.21 / 0.26	0.34	-23.53% (-0.08)	―
Jan 25, 2024	2023 (Q4)	0.43 / 0.44	0.34	29.41% (+0.10)	―
Oct 05, 2023	2023 (Q3)	0.27 / 0.28	0.4	-30.00% (-0.12)	―
Jul 06, 2023	2023 (Q2)	0.03 / 0.04	0.29	-86.21% (-0.25)	―
Apr 06, 2023	2023 (Q1)	0.32 / 0.34	0.46	-26.09% (-0.12)	―
Jan 25, 2023	2022 (Q4)	0.29 / 0.34	0.41	-17.07% (-0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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LEVI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	$17.96	$18.71	+4.18%
Oct 02, 2024	$20.75	$19.16	-7.66%
Jun 26, 2024	$22.62	$19.13	-15.43%
Apr 03, 2024	$18.16	$20.40	+12.33%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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