Today, Levi Strauss & Co. announced financial results for our third quarter 2024, with net revenues of $1.5 billion flat on a reported basis and 2% higher on a constant-currency basis versus Q3 2023. We reported record gross margins of 60% in Q3, and the Levi’s® brand is accelerating globally, up 5%. We also announced that we are evaluating strategic alternatives for the Dockers® business, including a potential sale, to prioritize and focus our efforts to becoming a direct-to-consumer business.
“The underlying fundamentals of our business are getting stronger, driven by the Levi’s® brand, which grew 5% globally in Q3, a significant acceleration from H1 and the highest revenue growth in two years. 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,” said Michelle Gass, President and CEO of LS&Co. “Looking to Q4 and beyond, we will amplify our focus on the Levi’s® brand, exemplified by our new campaign with Beyoncé and an innovative product pipeline designed to build momentum with our fans around the world.”
Check out the infographic below for key highlights from our latest results. Our full results are available in the press release.
