Levi Strauss & Co. reported strong fourth-quarter financial results for fiscal year 2024, beating Wall Street estimates. The company posted adjusted earnings per share (EPS) of $0.50, exceeding the $0.48 consensus, and revenue of $1.84 billion, surpassing the $1.73 billion estimate. Net income for the quarter was $183 million, while adjusted net income reached $202 million, above the $192.9 million forecast. Gross margin stood at 61.3%, and adjusted EBIT margin was 13.4%. Revenues increased 12% year-over-year on a reported basis. Direct-to-consumer (DTC) revenue grew 19% year-over-year, supported by a strong holiday season, a successful Beyoncé campaign, and an expanding retail footprint. However, Levi Strauss provided cautious guidance for fiscal year 2025, citing foreign exchange headwinds and the exit of certain product lines. The company expects organic net revenue growth of 3.5% to 4.5%, but on a reported basis, revenue may decline by 1% to 2%. The 2025 EPS guidance range was set at $1.20 to $1.25, below the $1.38 consensus. CFO Harmit Singh stated that the company is well-positioned for 2025 and is on track to becoming a $10 billion company with operating margins of 15%. Shares of Levi Strauss fell 7% in pre-market trading following the release of the guidance.