Levi Strauss & Co. (NYSE: LEVI) has introduced monetary outcomes for the third quarter of 2024, reporting a rise in web earnings. In the meantime, revenues remained broadly unchanged year-over-year.
Adjusted web earnings superior to $132 million or $0.33 per share within the August quarter from $112 million or 0.28 per share in Q3 2023. On a reported foundation, earnings greater than doubled to $21 million or $0.05 per share within the third quarter from $10 million or $0.02 per share a yr earlier.
At $1.52 billion, third-quarter revenues have been broadly unchanged from the prior-year interval. Direct-to-consumer web revenues elevated by 10% on a reported foundation and 12% on a constant-currency foundation.
“We are making progress against our strategic priorities, including double-digit growth in our direct-to-consumer business, continued positive performance in the U.S., and Europe inflecting to growth,” mentioned Michelle Gass, CEO of Levi Strauss.