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Levi Strauss & Co

LEVI · Consumer Discretionary

Last earnings Oct 7, 2026

Key results

CONTINUING OPERATIONS EPSquarter

$0.31

CONTINUING OPERATIONS DILUTED EPS OF $0.31,

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

ADJUSTED EPSquarter

$0.34

ADJUSTED DILUTED EPS OF $0.34

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Net revenuequarter

$1.5 billion

Financial Highlights Net Revenues of $1.5 billion were up 7% on a reported and organic basis versus Q3 2024.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Revenuequarter

6%

In the Americas , net revenues increased 6% on a reported basis and 7% on an organic basis.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

In Europe , net revenues increased 5% on a reported basis and 3% on an organic basis.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

In Asia, net revenues increased 12% on a reported basis an d organic basis.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Beyond Yoga net revenues increased 2% on a reported and organic basis.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

DTC (Direct-to-Consumer) net revenues increased 11% on a reported basis and 9% on an organic basis.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Gross marginquarter

$951.6 million

Gross profit 951.6 873.9 2,805.0 2,576.1

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Selling, general, and administrativequarter

$775.6 million

Selling, general and administrative expenses 775.6 726.4 2,313.4 2,233.4

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Operating incomequarter

$167.4 million

Operating income 167.4 32.7 467.0 54.2

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Net incomequarter

$218.1 million

Net income $ 218.1 $ 20.7 $ 420.1 $ 28.0

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

AI analysis

Q3 2025 · reported Oct 9, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Net revenue · Q3 2025
$1.5B
EX-99 · Oct 9, 2025
CONTINUING OPERATIONS EPS · Q3 2025
$0.31
EX-99 · Oct 9, 2025
Net income · Q3 2025
$218.1M
EX-99 · Oct 9, 2025
Operating income · Q3 2025
$167.4M
EX-99 · Oct 9, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
CONTINUING OPERATIONS EPS$0.31——
ADJUSTED EPS$0.34——
Net revenue$1.5 billion——
Revenue6%——
Gross margin$951.6 million——
Selling, general, and administrative$775.6 million——
Operating income$167.4 million——
Net income$218.1 million——

EX-99 · Oct 9, 2025

Guidance · company-stated

Direction: Raised

Revenue

“REPORTS THIRD-QUARTER 2025 FINANCIAL RESULTS STRONG RESULTS WITH SALES, MARGINS AND EPS ABOVE GUIDANCE REPORTED AND ORGANIC NET REVENUES BOTH UP 7% CONTINUING OPERATIONS DILUTED EPS OF $0.31, ADJUSTED DILUTED EPS OF $0.34 DTC DELIVERED HIGH-SINGLE DIGIT COMPARABLE SALES GROWTH COMPANY RAISES FULL YEAR NET REVENUE AND EPS OUTLOOK INCLUDING THE UPDATED IMPACT OF TARIFFS SAN FRANCISCO (October 9, 2025) Levi Strauss Co.”

Revenue

“Reported net revenue growth Raised to approximately 3%, up from 1% to 2% Organic net revenue growth Raised to approximately 6%, up from 4.5% to 5.5% Gross margin Expansion of 100 basis points, up from 80 basis points Adjusted EBIT margin Maintained at 11.4% to 11.6% Tax rate Maintained at approximately 23% Adjusted diluted EPS Raised to $1.27 to $1.32, up from $1.25 to $1.30 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns, supply chain disruptions, increased tariffs and retaliatory actions taken in response to such tariffs, or currency impacts.”

Company outlook — Raised

“With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin$951.6M

Capital allocation

Dividend$55M

During the third quarter the company refinanced its 475 million 3.375% senior notes due in 2027 with 475 million 4.000% senior notes due in 2030.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Levi Strauss & Co — Earnings release (2025-10-09)

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “REPORTS THIRD-QUARTER 2025 FINANCIAL RESULTS STRONG RESULTS WITH SALES, MARGINS AND EPS ABOVE GUIDANCE REPORTED AND ORGANIC NET REVENUES BOTH UP 7% CONTINUING OPERATIONS DILUTED EPS OF $0.31, ADJUSTED DILUTED EPS OF $0.34 DTC DELIVERED HIGH-SINGLE DIGIT COMPARABLE SALES GROWTH COMPANY RAISES FULL YEAR NET REVENUE AND EPS OUTLOOK INCLUDING THE UPDATED IMPACT OF TARIFFS SAN FRANCISCO (October 9, 2025) Levi Strauss Co.”

Revenue: “Reported net revenue growth Raised to approximately 3%, up from 1% to 2% Organic net revenue growth Raised to approximately 6%, up from 4.5% to 5.5% Gross margin Expansion of 100 basis points, up from 80 basis points Adjusted EBIT margin Maintained at 11.4% to 11.6% Tax rate Maintained at approximately 23% Adjusted diluted EPS Raised to $1.27 to $1.32, up from $1.25 to $1.30 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns, supply chain disruptions, increased tariffs and retaliatory actions taken in response to such tariffs, or currency impacts.”

Revenue — Raised (“RAISES”)
“REPORTS THIRD-QUARTER 2025 FINANCIAL RESULTS STRONG RESULTS WITH SALES, MARGINS AND EPS ABOVE GUIDANCE REPORTED AND ORGANIC NET REVENUES BOTH UP 7% CONTINUING OPERATIONS DILUTED EPS OF $0.31, ADJUSTED DILUTED EPS OF $0.34 DTC DELIVERED HIGH-SINGLE DIGIT COMPARABLE SALES GROWTH COMPANY RAISES FULL YEAR NET REVENUE AND EPS OUTLOOK INCLUDING THE UPDATED IMPACT OF TARIFFS SAN FRANCISCO (October 9, 2025) Levi Strauss Co.”

Company outlook — Raised (“raising”)
“With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season.”

Revenue — Raised (“Raised”)
“Reported net revenue growth Raised to approximately 3%, up from 1% to 2% Organic net revenue growth Raised to approximately 6%, up from 4.5% to 5.5% Gross margin Expansion of 100 basis points, up from 80 basis points Adjusted EBIT margin Maintained at 11.4% to 11.6% Tax rate Maintained at approximately 23% Adjusted diluted EPS Raised to $1.27 to $1.32, up from $1.25 to $1.30 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns, supply chain disruptions, increased tariffs and retaliatory actions taken in response to such tariffs, or currency impacts.”

Classified from the release's primary full-year outlook statement.

Capital allocation

During the third quarter the company refinanced its 475 million 3.375% senior notes due in 2027 with 475 million 4.000% senior notes due in 2030.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Shareholder Returns The company returned approximately $151 million to shareholders in the third quarter, a 118% increase over prior year, including Dividends of $55 million, representing a dividend of $0.14 per share.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

We launched a $120 million accelerated share repurchase program, and took delivery of and retired approximately 5 million shares, with the remaining shares to be settled at the end of the program.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

As of August 31, 2025 , the company had $440 million remaining under its current share repurchase authorization, which has no expiration date.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

For Q4, the company has declared a dividend of $0.14 per share totaling approximately $55 million.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

The dividend is payable in cash on November 4, 2025, to the holders of record of Class A common stock and Class B common stock at the close of business on October 20, 2025.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Strategy & priorities

Our Q3 results demonstrate the power of our strategic transformation, with strong financial performance exceeding expectations across all key metrics including sales, gross margin, adjusted EBIT margin and adjusted diluted EPS , said Harmit Singh, Chief Financial and Growth Officer of Levi Strauss Co.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

With four consecutive quarters of high-single-digit growth and record gross margins driven by our focus on profitability across the organization, we are raising our full-year revenue and adjusted diluted EPS expectations.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Reported net revenue growth Raised to approximately 3%, up from 1% to 2% Organic net revenue growth Raised to approximately 6%, up from 4.5% to 5.5% Gross margin Expansion of 100 basis points, up from 80 basis points Adjusted EBIT margin Maintained at 11.4% to 11.6% Tax rate Maintained at approximately 23% Adjusted diluted EPS Raised to $1.27 to $1.32, up from $1.25 to $1.30 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns, supply chain disruptions, increased tariffs and retaliatory actions taken in response to such tariffs, or currency impacts.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

tariffs and any additional retaliatory measures by impacted exporting countries impacts of foreign currency exchange capital expenditures pricing initiatives inventory growth new store openings investments in high growth initiatives future dividend payments and share repurchases the pending sale of our global Dockers business and efforts to diversify product categories and distribution channels, and the related revenue projections.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

For the three-month period ended August 25, 2024, restructuring related charges and other, net primarily relates to consulting costs associated with our restructuring initiative of $19.0 million, an estimated legal settlement accrual of $4.0 million and certain executive separation charges of $0.5 million, offset by a favorable sales-tax related settlement of $4.4 million.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Risks & headwinds

REPORTS THIRD-QUARTER 2025 FINANCIAL RESULTS STRONG RESULTS WITH SALES, MARGINS AND EPS ABOVE GUIDANCE REPORTED AND ORGANIC NET REVENUES BOTH UP 7% CONTINUING OPERATIONS DILUTED EPS OF $0.31, ADJUSTED DILUTED EPS OF $0.34 DTC DELIVERED HIGH-SINGLE DIGIT COMPARABLE SALES GROWTH COMPANY RAISES FULL YEAR NET REVENUE AND EPS OUTLOOK INCLUDING THE UPDATED IMPACT OF TARIFFS SAN FRANCISCO (October 9, 2025) Levi Strauss Co.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Gross margin increased 110 basis points to 61.7% from 60.6% in Q3 2024 primarily driven by favorable channel mix and price increases, offset by the impact of tariffs.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

tariffs on imports from China remain at 30% and Rest-of-World at 20% for the remainder of the year.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Reported net revenue growth Raised to approximately 3%, up from 1% to 2% Organic net revenue growth Raised to approximately 6%, up from 4.5% to 5.5% Gross margin Expansion of 100 basis points, up from 80 basis points Adjusted EBIT margin Maintained at 11.4% to 11.6% Tax rate Maintained at approximately 23% Adjusted diluted EPS Raised to $1.27 to $1.32, up from $1.25 to $1.30 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns, supply chain disruptions, increased tariffs and retaliatory actions taken in response to such tariffs, or currency impacts.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

A reconciliation of non-GAAP forward looking information to the corresponding GAAP measures cannot be provided without unreasonable efforts due to the challenge in quantifying various items including but not limited to, the effects of foreign currency fluctuations, taxes, increased tariffs and retaliatory actions, and any future restructuring, restructuring-related, severance and other charges.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

tariffs and any additional retaliatory measures by impacted exporting countries impacts of foreign currency exchange capital expenditures pricing initiatives inventory growth new store openings investments in high growth initiatives future dividend payments and share repurchases the pending sale of our global Dockers business and efforts to diversify product categories and distribution channels, and the related revenue projections.

SEC original ↗Levi Strauss & Co — Earnings release (8-K exhibit)EX-99Oct 9, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Amazon (AMZN) Consumer DiscretionaryTesla, Inc. (TSLA) Consumer DiscretionaryAlibaba Group (BABA) Consumer DiscretionaryeBay Inc. (EBAY) Consumer DiscretionaryToyota Motor (TM) Consumer DiscretionaryO'Reilly Automotive (ORLY) Consumer DiscretionaryLi Auto Inc. (LI) Consumer DiscretionaryV F Corp (VFC) Consumer Discretionary
Documents

Filings

32 documents

Earnings releases

8 documents

Presentations

0 documents

No presentations for Levi Strauss & Co are held in this edition of the library.

Transcripts

0 documents

No transcripts for Levi Strauss & Co are held in this edition of the library.

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