LEVI NYSE· Levi Strauss & Company
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LEVI NYSE· Levi Strauss & Company
Earnings report Q1 2024

Levi Strauss & Co. Sees Decrease in Quarterly Revenue

Segments of Revenue

Levi Strauss & Co. reported total net revenues of $1.56 billion for the quarter. This was split between wholesale and direct-to-consumer channels. Wholesale revenue was $803.5 million, while direct-to-consumer revenue was $754.1 million. The revenue was also divided among different regions, with the Americas contributing $735.8 million, Europe $423.5 million, Asia $288.8 million, and other brands $109.5 million.


Despite a decrease in revenue, the company's direct-to-consumer segment showed a slight increase, particularly in Europe and Asia. This could be attributed to a shift in consumer behavior towards online shopping or a successful marketing strategy targeting these regions.


The company faced a significant decrease in wholesale revenue across all regions, with the Americas seeing the most significant drop. This could be due to a variety of factors, including supply chain disruptions, decreased demand, or increased competition.


The company reported a net loss of $10.6 million for the quarter, compared to a net income of $114.7 million in the same period last year. This is a significant shift and could be a result of the decreased revenue and increased operating expenses.


Levi Strauss & Co. faced a challenging quarter, with a decrease in total net revenues and a shift from net income to net loss. While there was a slight increase in direct-to-consumer revenue, it was not enough to offset the significant decrease in wholesale revenue. The company will need to address these challenges in order to improve its financial performance in future quarters.

Source documents

Form 10-Q  filed on Apr 03, 2024
102 pages scanned

Reference data

Company financials Q1 revenue 1.64B
Analyst estimates Q1 EPS beat by 54.25%
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