Fiscal Year 2024 Meaning. A fiscal year (fy), also known as a budget year, is a period of time used by the government and businesses for accounting purposes to formulate annual financial statements and reports. Reported net revenues flat, up 2% constant currency, levi’s ® brand up 5% gross margin rose 440 bps year over year to 60.0% diluted eps of $0.05,.

Let’s break down how it works and why it’s important to run a business. A fiscal year is an accounting period of 365 days (or 366 during a leap year) that doesn’t necessarily correspond to the calendar year that.