Levi Strauss (Levi Strauss) Gross Margin % : 58.20% (As of Feb. 2024)

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What is Levi Strauss Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Levi Strauss's Gross Profit for the three months ended in Feb. 2024 was $907 Mil. Levi Strauss's Revenue for the three months ended in Feb. 2024 was $1,558 Mil. Therefore, Levi Strauss's Gross Margin % for the quarter that ended in Feb. 2024 was 58.20%.

The historical rank and industry rank for Levi Strauss's Gross Margin % or its related term are showing as below:

LEVI' s Gross Margin % Range Over the Past 10 Years
Min: 49.4 Med: 53.31 Max: 58.06
Current: 57.54

During the past 10 years, the highest Gross Margin % of Levi Strauss was 58.06%. The lowest was 49.40%. And the median was 53.31%.

LEVI's Gross Margin % is ranked better than
88.55% of 1031 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 25.22 vs LEVI: 57.54

Levi Strauss had a gross margin of 58.20% for the quarter that ended in Feb. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Levi Strauss was 1.70% per year.

Levi Strauss Gross Margin % Historical Data

The historical data trend for Levi Strauss's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Levi Strauss Gross Margin % Chart

Levi Strauss Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Gross Margin %

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53.81

52.84

58.06

57.53

56.90

Levi Strauss Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Margin %	Get a 7-Day Free Trial															55.79	58.66	55.56	57.83	58.20

Competitive Comparison of Levi Strauss's Gross Margin %

For the Apparel Manufacturing subindustry, Levi Strauss's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Levi Strauss's Gross Margin % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Levi Strauss's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Levi Strauss's Gross Margin % falls into.

Levi Strauss Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Levi Strauss's Gross Margin for the fiscal year that ended in Nov. 2023 is calculated as

Gross Margin % (A: Nov. 2023 )	=	Gross Profit (A: Nov. 2023 )	/	Revenue (A: Nov. 2023 )
	=	3515.7	/	6179
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(6179 - 2663.3)	/	6179
	=	56.90 %

Levi Strauss's Gross Margin for the quarter that ended in Feb. 2024 is calculated as

Gross Margin % (Q: Feb. 2024 )	=	Gross Profit (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	906.5	/	1557.6
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1557.6 - 651.1)	/	1557.6
	=	58.20 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Levi Strauss (NYSE:LEVI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Levi Strauss had a gross margin of 58.20% for the quarter that ended in Feb. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Levi Strauss Gross Margin % Related Terms

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Levi Strauss (Levi Strauss) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Levi Strauss & Co (NYSE:LEVI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

LEVI:Mexico LV2B:Germany LV2B:Germany LV2B:Germany LEVI:Austria

Address

1155 Battery Street, San Francisco, CA, USA, 94111

Website

https://www.levistrauss.com

Levi Strauss & Co is involved in designing, marketing, and selling products that include jeans, casual and dresses pants, tops, shorts, skirts, jackets, footwear, and related accessories directly or through third parties and licensees for men, women, and children under Levi's, Dockers, Signature by Levi Strauss & Co. and Denizen brands. The company manages its business according to three regional segments: the Americas, which is the key revenue driver; Europe; and Asia.

Executives

Elizabeth T O'neill	officer: EVP & Pres.Prod., Innov. Supp.	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Tracy Layney	officer: EVP and Chief HR Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
David Jedrzejek	officer: SVP and General Counsel	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Seth Jaffe	officer: EVP & General Counsel	3250 VAN NESS AVE, SAN FRANCISCO CA 94109
Margaret E. Haas	10 percent owner	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Lisa Stirling	officer: Chief Accounting Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Michelle Gass	director, officer: President	2401 UTAH AVE. S., SUITE 800, SEATTLE WA 98134
Seth M. Ellison	officer: EVP & President, Europe	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Jennifer A. Sey	officer: Brand President	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
David A Friedman	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Patricia Salas Pineda	director	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Elizabeth H Eisenhardt	10 percent owner	1155 BATTERY ST, C/O ARGONAUT SECURITIES CO., SAN FRANCISCO CA 94111
Jennifer C. Haas	10 percent owner	C/O ARGONAUT SECURITIES COMPANY, 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Bradley J. Haas	10 percent owner	C/O ARGONAUT SECURITIES COMPANY, 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Haas Peter E. Jr.	director, 10 percent owner	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111