Filing Flows › Levi Strauss (LEVI) › Q4 FY24
Levi Strauss (LEVI) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 29, 2025
Levi Strauss (LEVI) reported revenue of $1.8B for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +27% from the quarter before. Operating margin was 11.3%, net earnings $183M (9.9% of revenue).
Levi Strauss, Q4 FY24: revenue $1.8B (+12% year over year), operating margin 11.3%, net earnings $183M, operating cash flow $297M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +27% | +12% |
| Gross profit | $1.1B | +24% | +36% |
| Operating profit | $208M | +588% | +37% |
| Net earnings | $183M | +782% | +44% |
| Operating cash flow | $297M | +468% | +15% |
| Free cash flow | $232M | — | +18% |
What changed
Revenue was $1.8B in Q4 FY24, up 12% year over year and up 27% from the previous quarter.
Gross margin was 58.8%, up 10.4 points from a year earlier. Operating profit was $0.21B, a 11.3% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 9% margin then. Operating expenses grew 36% against revenue growth of 12%. Net earnings were $0.18B, up 44% year over year. The effective tax rate was 8.5%.
Operating cash flow was $0.30B (up 15% year over year), 163% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. After purchases of property, plant and equipment ($0.07B), adjusted free cash flow as the company reports it was $0.23B.
Questions
What was Levi Strauss' revenue in the fourth quarter fiscal 2024?
Levi Strauss (LEVI) reported revenue of $1.8B for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +27% from the quarter before.
Was Levi Strauss profitable in the fourth quarter fiscal 2024?
Operating profit was $208M (11.3% of revenue) and net earnings $183M.
Source: Levi Strauss 10-K on SEC EDGAR.