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Levi Strauss

Levi Strauss (LEVI) Q3 2025 Earnings

Reported Oct 9, 2025 at 4:18 PM ET · SEC Source

Q3 25 EPS

$0.34

BEAT +11.04%

Est. $0.31

Q3 25 Revenue

$1.54B

BEAT +2.99%

Est. $1.50B

vs S&P Since Q3 25

-3.3%

TRAILING MARKET

LEVI +11.1% vs S&P +14.4%

Market Reaction

Did LEVI Beat Earnings? Q3 2025 Results

Levi Strauss & Co. Posted a convincing fiscal third-quarter beat, with earnings per share of $0.34 clearing the $0.31 consensus estimate by 11.04% and revenue of $1.54 billion coming in 2.99% ahead of the $1.50 billion Wall Street expected, up 1.8% y… Read more Levi Strauss & Co. Posted a convincing fiscal third-quarter beat, with earnings per share of $0.34 clearing the $0.31 consensus estimate by 11.04% and revenue of $1.54 billion coming in 2.99% ahead of the $1.50 billion Wall Street expected, up 1.8% year over year. The headline driver was a powerful acceleration in the company's direct-to-consumer pivot, with DTC revenues climbing 11% on a reported basis to represent 46% of total net revenues, while e-commerce surged 18%, collectively helping expand gross margin 110 basis points to 61.7%. Asia led regional performance with 12% reported growth, and the value-tier Levi Strauss Signature brand posted 21.1% growth in the quarter. Management responded to the momentum by lifting its full-year fiscal 2025 outlook, raising organic revenue growth guidance to approximately 6% and nudging adjusted diluted EPS guidance to $1.27-$1.32, with gross margin expansion now expected at 100 basis points. At least one analyst maintained a Buy rating with a $27 price target following the results, reflecting broader confidence in Levi's ongoing strategic repositioning.

Key Takeaways

  • • DTC-first strategy driving high-single-digit comparable sales growth
  • • E-commerce net revenues grew 18% on a reported basis
  • • Favorable channel mix and price increases expanding gross margins
  • • Strong growth across all geographic segments, with Asia leading at 12%
  • • Four consecutive quarters of high-single-digit growth
  • • Levi Strauss Signature brand grew 21.1% in the quarter
24/7 Wall St

LEVI YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

LEVI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26
24/7 Wall St

LEVI Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We delivered another very strong quarter as our pivot to becoming a DTC-first, head-to-toe denim lifestyle retailer is driving a meaningful inflection in our financial performance.”

— Michelle Gass, Q3 2025 Earnings Press Release

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