Levi Strauss weighs Dockers sale as Q3 fails to impress [Yahoo! Finance]
Levi Strauss & Co Class A (LEVI)
Last levi strauss & co class a earnings: 4/7 04:15 pm
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Source: Yahoo! Finance
25 August 2024 was flat on a reported basis and 2% higher on a constant-currency basis compared to its Q3 2023. Adjusting for the $15m impact of the exit of its Denizen business, LS&Co said its net revenues would have been up 1% on a reported basis and 3% in constant-currency and notes its Levi's brand was up 5% globally. Levi Strauss & Co. president and CEO Michelle Gass said: “The underlying fundamentals of our business are getting stronger, driven by the Levi's brand, which grew 5% globally in Q3, a significant acceleration from H1 and the highest revenue growth in two years. "We are making progress against our strategic priorities, including double-digit growth in our direct-to-consumer business, continued positive performance in the US, and Europe inflecting to growth.” Levi Strauss & Co chief financial and growth officer Harmit Singh noted the company is "taking decisive actions to address the areas" where it "underperformed". Potential Dockers sale after 15% revenue d
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