Levi Strauss: Sales Still Challenged Despite Denim Cycle, Stock Remains Expensive [Seeking Alpha]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Seeking Alpha
Play (10min) Summary Levi Strauss & Co.'s Q3 2024 results were disappointing, with flat earnings and downward revised guidance. DTC sales grew by 12%, driven by store openings, but wholesale sales declined, raising concerns about long-term margin sustainability. Project Fuel aims to boost DTC and reduce expenses but has incurred significant restructuring charges, questioning its cost-effectiveness. The company is considering selling Dockers, focusing on Beyond Yoga despite doubts about its fit with Levi's core brand. NYSE: LEVI lower end of its previously guided range. Given the growth in DTC (coming from store openings, not higher productivity), the fall implies challenges in wholesale continue. Deckers, in particular, was down close to 15%, with management considering a sale of the brand. This potentially indicates more restructuring charges, with $330 million marked this year already. It also opens questions about brand fit between Levi's and Beyond Yoga. More positi
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LEVI
Earnings
- 10/2/24 - Beat
LEVI
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- LEVI's page on the SEC website