Coming off an historic year for the company, Levi Strauss & Co. announced its fourth-quarter and full year 2019 earnings today where our full year net revenues grew by 3 percent on a reported basis and were up 6 percent in constant currency.
“We are pleased with our results in Fiscal 2019,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co. “We delivered six percent revenue growth for the year on a constant-currency basis, at the high end of our expectations. Growth was broad-based by region, channel and category. Underlying fourth quarter organic revenue growth met our expectations in spite of being masked by Black Friday falling in fiscal 2020. We outperformed our fourth-quarter expectations in U.S. wholesale, gross margin and EPS. And we announced our eighth consecutive annual dividend increase. As we look ahead to 2020 and beyond, we are confident we’ll continue to drive profitable growth over the long-term by executing our strategies.”
Check out our top takeaways (all figures are on a constant-currency basis):
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