Apparel maker Levi Strauss posted disappointing fourth-quarter results, with net income declining year-over-year despite modest revenue growth. The company’s bottom line faced significant pressure, reflecting broader challenges in the retail sector during the recent quarter.
Q4 Profit Performance Deteriorates for the Strauss Brand
Net income for the quarter reached $158.0 million, down from $182.5 million in the same period last year—a notable contraction in profitability. On a per-share basis, earnings fell to $0.40 from $0.46 a year prior, underscoring the earnings headwinds facing the iconic denim manufacturer. When adjusted for non-recurring items, the company reported adjusted earnings of $162.9 million, or $0.41 per share, which still reflects the underlying weakness in quarterly performance.
Revenue Ticks Higher but Gains Remain Limited
The sole bright spot came from the top line, where Levi Strauss managed to post modest gains. Revenue climbed to $1.765 billion from $1.749 billion in the prior-year quarter, representing growth of just 0.9%. While the company avoided a year-over-year revenue decline, the minimal expansion suggests that consumer demand and market conditions remain challenging for the apparel giant.
Key Metrics Summary
Levi Strauss’s Q4 financial snapshot shows:
Net income: $158.0 million versus $182.5 million previously
Earnings per share: $0.40 compared to $0.46 year-over-year
Revenue: $1.765 billion against $1.749 billion last year
Adjusted earnings: $162.9 million, or $0.41 per share
The earnings miss signals that Strauss faces headwinds requiring operational focus as it navigates a competitive retail landscape.
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Levi Strauss Reports Q4 Earnings Decline as Revenue Growth Stalls
Apparel maker Levi Strauss posted disappointing fourth-quarter results, with net income declining year-over-year despite modest revenue growth. The company’s bottom line faced significant pressure, reflecting broader challenges in the retail sector during the recent quarter.
Q4 Profit Performance Deteriorates for the Strauss Brand
Net income for the quarter reached $158.0 million, down from $182.5 million in the same period last year—a notable contraction in profitability. On a per-share basis, earnings fell to $0.40 from $0.46 a year prior, underscoring the earnings headwinds facing the iconic denim manufacturer. When adjusted for non-recurring items, the company reported adjusted earnings of $162.9 million, or $0.41 per share, which still reflects the underlying weakness in quarterly performance.
Revenue Ticks Higher but Gains Remain Limited
The sole bright spot came from the top line, where Levi Strauss managed to post modest gains. Revenue climbed to $1.765 billion from $1.749 billion in the prior-year quarter, representing growth of just 0.9%. While the company avoided a year-over-year revenue decline, the minimal expansion suggests that consumer demand and market conditions remain challenging for the apparel giant.
Key Metrics Summary
Levi Strauss’s Q4 financial snapshot shows:
The earnings miss signals that Strauss faces headwinds requiring operational focus as it navigates a competitive retail landscape.