Levi Strauss Q4 Revenue Strong, Future Profit Forecast Dims

Levi Strauss & Co. reported strong fourth-quarter fiscal 2024 results with earnings of $0.50 per share, surpassing the Zacks Consensus Estimate of $0.48 and showing a 13.6% increase from the previous year. The company's revenue reached $1.84 billion, reflecting a 12% year-over-year growth, driven by strong demand and effective omnichannel strategies. Despite this, Levi's provided weaker-than-expected guidance for fiscal 2025, forecasting a potential revenue decline of 1% to 2%. The company's transformation into an omnichannel retailer has contributed to its recent success, yet long-term sales growth remains a concern with a compounded annual growth rate of only 2% over the past five years. Investors are closely watching Levi's future earnings outlook and management's commentary for more insights on stock performance.