Levi Strauss reports Q2 adjusted EPS 22c, consensus 13c

Reports Q2 revenue $1.4B, consensus $1.37B. DTC net revenues increased 11% on a reported basis and 10% on an organic basis. DTC growth on an organic basis reflected a 9% increase in the U.S., a 9% increase in Europe and a 10% increase in Asia. Net revenues from e-commerce grew 13% on a reported basis and 13% on an organic basis. DTC comprised 50% of total net revenues in the second quarter. “We delivered another strong quarter, reflecting broad-based strength across the board-clear evidence that our strategic agenda is gaining traction,” said Michelle Gass, President and CEO of Levi Strauss (LEVI) & Co. “We’re entering the second half of 2025 from a position of strength as our ambition to transform into a denim lifestyle brand and best-in-class DTC retailer becomes our reality. Levi’s is a brand that has a rich 172-year heritage and remains a global icon. As we look ahead, Levi’s has an even bolder future with a bigger legacy-and quarter by quarter, we’re building it.”