Despite the loss, Levi’s DTC net revenues show growth
- Levi’s reports $11m loss in Q1 2024
- Net income drops from $115m to $11m compared to prior year
- Levi’s DTC net revenues increase by 7% on a reported basis
- DTC net revenues increase by 8% on a constant-currency basis
Denim brand Levi Strauss and Co has reported a net loss of $11m (£8.71m) in Q1 2024, a significant drop from the net income of $115m (£91.09m) in the prior year. However, despite the loss, Levi’s Direct to Consumer (DTC) net revenues increased by 7% on a reported basis and 8% on a constant-currency basis.
Factuality Level: 10
Factuality Justification: The article provides a straightforward and factual statement about Levi Strauss and Co’s financial performance in Q1 2024 compared to the prior year. It presents clear and verifiable information without any digressions, bias, or inaccuracies.
Noise Level: 2
Noise Justification: The article provides a straightforward report on Levi Strauss and Co’s financial performance in Q1 2024 compared to the prior year. It sticks to the facts without introducing irrelevant information or narratives.
Financial Relevance: Yes
Financial Markets Impacted: Levi Strauss and Co
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Levi Strauss and Co, indicating a net loss in Q1 2024 compared to the prior year. However, there is no mention of any extreme event or its impact.
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