Levi Strauss & Co. (LEVI) Q3 2024 Earnings Call Transcript Summary
Levi Strauss & Co. (LEVI) Q3 2024 Earnings Call Transcript Summary
Despite a $0.05 headwind from taxes, significant margin expansion was delivered, generating much higher cash flow through the first nine months of 2024.The following is a summary of the Levi Strauss & Co. (LEVI) Q3 2024 Earnings Call Transcript:
以下是Levi Strauss＆Co.(LEVI)2024年第三季度業績會簡報：
Financial Performance:
金融業績：
Q3 net revenues increased 2% in constant currency and 3% after adjusting for the exit of the Denizen business, with record Q3 gross margins of 60%.
Adjusted EBIT margin expanded by 250 basis points and double-digit adjusted diluted EPS growth was achieved.
Despite a $0.05 headwind from taxes, significant margin expansion was delivered, generating much higher cash flow through the first nine months of 2024.
第三季度淨營收按不變貨幣計增長2％，調整後增長3％，調整後不計Denizen業務的退出，第三季度毛利率創紀錄達60％。
調整後EBIt利潤率擴大250個點子，實現兩位數調整後攤薄每股收益增長。
儘管受到稅收方面的0.05美元不利影響，但在2024年前九個月實現了顯著的利潤率擴張，通過產生更高的現金流。
Business Progress:
業務進展：
A transformational pivot to operating as a DTC first company is underway, including an evaluation of strategic alternatives for the global Dockers business.
Levi's brand achieved a global growth of 5% in Q3, its best quarterly growth in two years, and Levi's women's business grew 11%.
Accelerated investment in new products and partnerships, such as the Reimagined campaign with Beyoncé, to enhance brand relevance and market penetration.
轉型爲首家直銷公司的轉變正在進行中，包括對全球Dockers業務的戰略替代方案評估。
Levi's品牌在第三季度全球增長5％，創下兩年來最佳季度增長，Levi's女裝業務增長11％。
加快投資於新產品和合作夥伴關係，例如與碧昂絲（Beyoncé）合作的重新演繹活動，以增強品牌相關性和市場滲透。
Opportunities:
機會：
Focused on maximizing the potential of Levi's brand and Beyond Yoga, and exploring strategic alternatives for Dockers, aiming to streamline and focus the business for enhanced growth and profitability.
Continuing to capitalize on the direct-to-consumer (DTC) growth, which saw a 12% increase, supported by expansion in e-commerce and increased consumer engagement.
專注於最大化Levi's品牌和Beyond Yoga的潛力，探索Dockers的戰略替代方案，旨在簡化和聚焦業務，提高增長和盈利能力。
繼續利用面向消費者的直銷（DTC）增長，增長了12％，電子商務擴張和消費者參與度增加提供支持。
Risks:
風險：
Encountered underperformances in Dockers, China, and Mexico impacting projections. Issues such as cybersecurity breaches have affected shipping and operations in Mexico.
Economic factors and macroeconomic challenges in China affecting the performance and growth expectations in the region.
遇到Dockers、中國和墨西哥業績不佳，影響了預期。墨西哥出現的網絡安全漏洞等問題影響了物流和運營。
中國的經濟因素和宏觀經濟挑戰影響了該地區的表現和增長預期。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
