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Levi Strauss

Levi Strauss (LEVI) Q4 2025 Earnings

Reported Jan 28, 2026 at 4:22 PM ET · SEC Source

Q4 25 EPS

$0.41

BEAT +4.65%

Est. $0.39

Q4 25 Revenue

$1.77B

BEAT +3.11%

Est. $1.71B

vs S&P Since Q4 25

+14.2%

BEATING MARKET

LEVI +21.8% vs S&P +7.6%

Full Year 2025 Results

FY 25 EPS

$1.34

BEAT +0.93%

Est. $1.33

FY 25 Revenue

$6.28B

BEAT +0.85%

Est. $6.23B

Market Reaction

Did LEVI Beat Earnings? Q4 2025 Results

Levi Strauss delivered a cleaner-than-expected finish to fiscal 2025, posting fourth-quarter earnings per share of $0.41 against a consensus estimate of $0.39, a beat of 5.13%, while revenue of $1.77 billion topped the $1.71 billion estimate by 3.11%… Read more Levi Strauss delivered a cleaner-than-expected finish to fiscal 2025, posting fourth-quarter earnings per share of $0.41 against a consensus estimate of $0.39, a beat of 5.13%, while revenue of $1.77 billion topped the $1.71 billion estimate by 3.11%, even as the top line slipped 4.0% from the year-ago period. The key driver behind the quarter's relative strength was the company's direct-to-consumer channel, which posted 8% reported growth and now accounts for 49% of total net revenues, underscoring how the brand's ongoing shift away from wholesale is reshaping its earnings profile. That momentum was partially offset by tariff headwinds that compressed gross margin by 100 basis points to 60.8% and weighed on adjusted EBIT margin, which fell to 12.1% from 13.9% a year ago. Looking ahead, management guided fiscal 2026 for reported revenue growth of 5% to 6% and adjusted diluted EPS of $1.40 to $1.46, assuming U.S. Tariffs on China imports remain at 30%, a backdrop that has nonetheless drawn at least one Wall Street analyst to raise their price target on the stock.

Key Takeaways

  • • DTC channel growth of 8% reported and 10% organic, with DTC comprising 49% of total net revenues
  • • E-commerce net revenues grew 19% on a reported basis and 22% on an organic basis
  • • Beyond Yoga brand grew 37% reported and 45% organic
  • • Europe net revenues grew 8% reported and 10% organic
  • • High-single digit comps in DTC channel
  • • Organic net revenues growth of 5% building on 8% growth in the prior year
24/7 Wall St

LEVI YoY Financials

Q4 2025 vs Q4 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

“Over the past few years, we've taken bold steps toward becoming a DTC-first, head-to-toe denim lifestyle brand. We have narrowed our focus, improved operational execution and built greater agility across the organization. As a result, we've elevated the Levi's® brand and delivered faster growth and higher profitability, as reflected by our Q4 and full year 2025 results. While we still have important work ahead, the company is at an inflection point—emerging as a stronger, more resilient global business ready to define the next chapter of LS&Co.”

— Michelle Gass, Q4 2025 Earnings Press Release

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