European Investor
09 Oct 2025, 20:36
Levi Strauss & Co. Reports Strong Q3 2025 Results, Raises Full-Year Outlook
Levi Strauss & Co. (NYSE: LEVI) posted strong third-quarter 2025 results, exceeding guidance across sales, margins, and earnings. Net revenues rose 7% year-over-year to $1.5 billion, both on a reported and organic basis, reflecting balanced growth across regions and channels. Diluted EPS from continuing operations was $0.31, while adjusted diluted EPS reached $0.34.
Direct-to-consumer (DTC) revenue climbed 11% and now represents 46% of total sales, driven by double-digit growth in Asia and strong e-commerce momentum, where sales rose 18%. Wholesale revenue increased 3%. Regionally, the Americas grew 6%, Europe 5%, and Asia 12%.
Gross margin improved 110 basis points to 61.7%, aided by pricing and channel mix, partially offset by tariffs. Operating income rose to $308 million with a 10.8% margin, compared with 2.3% last year. Net income jumped to $122 million from $23 million a year earlier.
Citing sustained momentum and robust DTC performance, Levi’s raised its full-year 2025 revenue and EPS guidance, reaffirming confidence in its strategic shift toward a DTC-first, head-to-toe denim lifestyle model.
Levi Strauss & Co. (NYSE: LEVI) posted strong third-quarter 2025 results, exceeding guidance across sales, margins, and earnings. Net revenues rose 7% year-over-year to $1.5 billion, both on a reported and organic basis, reflecting balanced growth across regions and channels. Diluted EPS from continuing operations was $0.31, while adjusted diluted EPS reached $0.34.
Direct-to-consumer (DTC) revenue climbed 11% and now represents 46% of total sales, driven by double-digit growth in Asia and strong e-commerce momentum, where sales rose 18%. Wholesale revenue increased 3%. Regionally, the Americas grew 6%, Europe 5%, and Asia 12%.
Gross margin improved 110 basis points to 61.7%, aided by pricing and channel mix, partially offset by tariffs. Operating income rose to $308 million with a 10.8% margin, compared with 2.3% last year. Net income jumped to $122 million from $23 million a year earlier.
Citing sustained momentum and robust DTC performance, Levi’s raised its full-year 2025 revenue and EPS guidance, reaffirming confidence in its strategic shift toward a DTC-first, head-to-toe denim lifestyle model.
