LEVI STRAUSS & (LEVI) Company Report

Levi Strauss & Co. reported strong third-quarter 2025 financial results, with revenue rising 7% to $1.54 billion and adjusted earnings per share of $0.34. The company also saw a significant increase in net profit to $218.1 million ($0.55 per share), compared to $20.7 million ($0.05 per share) in the previous year.
The company raised its full-year profit forecast to $1.27-$1.32 per share and achieved gross margins of 61.7%, driven by strategic price hikes.
Direct-to-consumer sales accounted for 46% of total sales, and the company reported growth across both men's (up 5%) and women's (up 9%) segments, reflecting its transformation into a broader denim lifestyle brand.
Levi Strauss declared a steady quarterly dividend of $0.14 per share, continuing its history of paying cash dividends since 2008.

Oct 9, 2025, 11:14 PM

WSJ

Levi Strauss & Co. Reports Strong Q3 2025 Results and Raises Full-Year Guidance

LEVI

Earnings

Guidance Update

Revenue Acceleration/Inflection

Levi Strauss & Co. delivered a strong Q3 2025, with net revenue growing 7% and adjusted diluted EPS reaching $0.34, driven by a 9% increase in global direct-to-consumer sales and a 5% rise in wholesale net revenues.
The company reported its fourth consecutive quarter of high single-digit organic revenue growth and achieved a record Q3 gross margin of 61.7%, expanding 110 basis points versus the prior year.
Strategic initiatives, including the pivot to a DTC-first, head-to-toe denim lifestyle retailer, are driving momentum, with international business up 9% and significant growth in women's and tops categories.
LEVI raised its full-year 2025 guidance, now expecting reported net revenue growth of approximately 3% and organic net revenues of approximately 6%.
Full-year adjusted diluted EPS guidance was increased by $0.02 to a range of $1.27 to $1.32, and gross margin is projected to expand 100 basis points.

Oct 9, 2025, 9:00 PM

Transcript

Levi Strauss & Co. Reports Strong Q3 2025 Results and Raises Full-Year Outlook

LEVI

Earnings

Guidance Update

Share Buyback

Levi Strauss & Co. reported strong third-quarter 2025 financial results, with net revenues of $1.5 billion, up 7% on both a reported and organic basis compared to Q3 2024, and adjusted diluted earnings per share of $0.34.
The company's gross margin increased by 110 basis points to 61.7% in Q3 2025, primarily driven by favorable channel mix and price increases.
Levi Strauss & Co. raised its full-year 2025 outlook, with reported net revenue growth now expected to be approximately 3% (up from 1% to 2%) and adjusted diluted EPS raised to $1.27 to $1.32 (up from $1.25 to $1.30).
The company returned approximately $151 million to shareholders in the third quarter, including $55 million in dividends and the launch of a $120 million accelerated share repurchase program, which retired approximately 5 million shares.

Oct 9, 2025, 8:18 PM

8-K

Levi Strauss & Co. Reports Strong Third-Quarter 2025 Financial Results

LEVI

Earnings

Guidance Update

Share Buyback

Net revenues for the third quarter ended August 31, 2025, increased 7% on both a reported and organic basis to $1.5 billion.
Adjusted diluted EPS for Q3 2025 was $0.34, compared to $0.33 in Q3 2024.
The company raised its full-year 2025 outlook, projecting reported net revenue growth of approximately 3% and adjusted diluted EPS of $1.27 to $1.32.
In Q3 2025, Levi Strauss & Co. returned approximately $151 million to shareholders, including $55 million in dividends and initiating a $120 million accelerated share repurchase program.
The company completed the sale of the Dockers® intellectual property and operations in the U.S. and Canada for gross proceeds of $194.7 million on July 31, 2025.

Oct 9, 2025, 8:15 PM

Press Release

Levi Strauss & Co. Discusses Growth Strategy, Margin Expansion, and Financial Targets

LEVI

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Levi Strauss & Co. is targeting to become a $10 billion company with a 15% operating margin. A definitive timeline for these targets is being delayed due to tariffs uncertainty, but is expected within the next year.
The company's direct-to-consumer (DTC) business now accounts for 50% of its total business and has achieved 13 consecutive quarters of positive comparable sales growth.
Gross margin has dramatically improved, with a guide of over 61% for the current year, up from less than 58% in 2023, contributing to EBIT margin moving from 9% in 2023 to the mid-11s.
Strategic exits of low-margin, low-growth businesses, including Denizen, a smaller footwear business, and Dockers (U.S. and Canada exited, rest of world by early next year), are contributing to improved profitability.
The company is focused on expanding its denim lifestyle offerings, with non-denim products now representing 40% of the business, and is working to reduce distribution costs through a hybrid model and omnichannel approach.

Sep 16, 2025, 5:15 PM

Transcript

Levi Strauss Outlines Strategic Vision and Growth Drivers at GS Retailing Conference

LEVI

Revenue Acceleration/Inflection

New Projects/Investments

Guidance Update

Levi Strauss aims for a long-term strategic vision of $10 billion in revenue and 15% operating margins.
The company's direct-to-consumer (DTC) business has grown to 50% of total sales this year from 40% two to three years ago, with a long-term goal of 55% to 60%. This shift has contributed to operating margin growth.
Gross margins are projected to reach over 62% this year, up from 57% three years ago, driven by structural shifts towards higher-margin DTC, women's, and international businesses, as well as increased full-price sales.
The company is optimizing its portfolio by exiting low-margin businesses like Denizen, a small footwear business, and most of Dockers in the U.S. and Canada, to focus on the Levi's brand and accelerate Beyond Yoga, which has grown to nearly $150 million.

Sep 3, 2025, 7:52 PM

Levi Strauss & Co. Issues €475 Million Senior Notes Due 2030

LEVI

Debt Issuance

Levi Strauss & Co. entered into an indenture on July 29, 2025, for an offering of €475 million aggregate principal amount of 4.000% Senior Notes due 2030.
The Notes bear interest at 4.000% per annum, payable semiannually, and will mature on August 15, 2030.
These Notes are general senior obligations of the Company, ranking equally with existing and future senior unsecured debt, but are effectively subordinated to secured indebtedness and structurally subordinated to the liabilities of the Company's subsidiaries.
The Company has optional redemption rights, including redeeming up to 40% of the original principal amount prior to August 15, 2027, with equity offering proceeds at 104.000% of principal, or redeeming all or part at a premium based on the Bund Rate plus 50 basis points.
On or after August 15, 2027, the Notes can be redeemed at prices ranging from 102.000% in 2027 to 100.000% in 2029 and thereafter.

Jul 29, 2025, 12:00 AM

8-K

Levi Strauss & Co. Commences Senior Notes Offering

LEVI

Debt Issuance

Levi Strauss & Co. has commenced a private placement of up to €475 million aggregate principal amount of senior notes due 2030.
The company intends to use the net proceeds from this offering, along with cash on hand, to redeem its 3.375% senior notes due 2027.
These new notes will be general unsecured senior obligations of the company and will rank equally with all other senior unsecured indebtedness.
The notes are being offered as a private placement to qualified institutional buyers in the United States and qualified investors in the European Economic Area and the United Kingdom.

Jul 14, 2025, 9:15 AM

Press Release

Levi Strauss & Co. Reports Stronger Profits and Revenue Growth Amid Market Pullback

LEVI

Earnings

Revenue Acceleration/Inflection

Levi Strauss & Co. shares surged 11.2 percent following stronger profits and a 6.4 percent revenue increase, driven by strong growth in the Americas and Europe.
U.S. stock markets pulled back from recent record highs, with the S&P 500 falling about 0.3% to 6,259, due to investor caution over President Donald Trump's latest tariff threats.
Despite these declines, markets have shown relative resilience, with investors treating the tariff threats more as negotiation tactics rather than expecting the most aggressive measures to be enforced.

Jul 11, 2025, 6:39 PM

Barron's

Levi Strauss & Co. Outlines Transformation Strategy, Financial Targets, and DTC Growth

LEVI

Guidance Update

Share Buyback

M&A

Levi Strauss & Co. is executing its third transformation, targeting revenue growth from $6 billion to $10 billion and an increase in EBIT margins to 15%. As part of this strategy, the company divested Dockers for over $300 million, with $100 million of the net proceeds allocated to share buybacks.
The company has significantly diversified its supply chain, reducing US imports from China from 15-16% in 2018 to approximately 1% today, and now generates 60% of its business outside the US.
Direct-to-consumer (DTC) is a key growth driver, increasing from 20-30% of total business to 52% as of Q1, with a target to reach 55-60%. DTC comparable sales have been positive for 12 consecutive quarters, and e-commerce, now 10% of the business, is highly profitable.
Levi's has achieved market leadership in women's apparel and is successfully attracting younger consumers, with the average age of its US customer shifting from the high forties to the low thirties. The women's business is now close to 40% of total revenue, growing double-digit, and is higher gross margin.

Jul 10, 2025, 10:18 PM

Earnings Transcripts

Quarterly earnings call transcripts for LEVI STRAUSS &.

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