Transformation drives Levi’s double-digit revenue growth in fourth quarter 

models wear outfits from Levi's
Levi Strauss & Co has posted strong revenue growth in the fourth quarter.

Levi Strauss & Co has posted strong revenue growth in the fourth quarter, which management attributed to the company’s transformation strategy.

The company’s net revenues for the quarter ended December 31 were US$1.8 billion, up 12 per cent on a reported basis and 8 per cent on an organic basis. It previously reported flat revenue growth in the third quarter.

Positive sales growth was recorded across all regions, with the Americas up 12 per cent, Europe up 15 per cent and Asia up 9 per cent.

Operating margin rose from 9.2 per cent to 11.5 per cent, and net income surged 44 per cent to $183 million.

“We delivered a strong fourth quarter and holiday season, positioning us well as we enter 2025,” said president and CEO Michelle Gass. “Our improved performance is a direct result of the work we have done to transform the company into a best-in-class omnichannel retailer.”

For the full year, the company’s revenues grew 3 per cent to $6.4 billion, while adjusted net income rose from $441 million to $503 million.

For FY25, Levi expects organic net revenues to be up 3.5-4.5 per cent and adjusted EBIT margin to expand to 10.9-11.1 per cent.

“The strong demand trends, improving execution and the organization’s focus on the Levi’s brand gives me confidence in the guidance we are providing today which calls for higher organic revenue growth in 2025,” Gass concluded.

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