Levi Strauss & Co. demonstrated strong performance with broad-based revenue growth, significant improvements in gross margin, and successful expansion in key markets like Europe and DTC channels. However, challenges remain in Asia and due to tariff uncertainties. Overall, the positive aspects significantly outweigh the lowlights.

Company Guidance

During the second quarter fiscal 2025 earnings call for Levi Strauss & Co., the company reported standout performance, exceeding expectations in sales, margins, and earnings per share (EPS). Overall, the company experienced a 9% organic net revenue growth, with direct-to-consumer sales up 10% and wholesale up 7%. The U.S. business grew 7%, while the international segment increased by 10%, driven largely by a 15% growth in Europe. Women's apparel saw a 14% growth, outperforming men's at 6%. Tops grew 16%, and bottoms by 7%. Gross margin reached a record 62.6%, marking a 140 basis point increase, while adjusted EBIT margin rose by 190 basis points to 8.3%. The company raised its full-year guidance, now expecting organic net revenue growth between 4.5% to 5.5% and adjusted diluted EPS between $1.25 to $1.30, despite anticipated tariff impacts. The company continues to focus on its strategy of becoming a direct-to-consumer-first business, enhancing its denim lifestyle brand, and maintaining strong brand relevance globally.

Strong Revenue Growth

Levi Strauss & Co. reported a 9% organic net revenue growth for Q2 2025, driven by broad-based strength across DTC and wholesale, international and domestic markets, women's and men's categories, and tops and bottoms.

Direct-to-Consumer (DTC) Performance

DTC revenue grew 10% with high single-digit comp sales, driven by increased store traffic, better conversion rates, and higher AURs. DTC EBIT margins increased approximately 300 basis points in Q2.

Expansion in Europe

International business grew 10% in Q2, led by 15% growth in Europe. Europe's wholesale business was up 23%, benefiting from the resumption of normalized shipping at the DC in Germany.

Gross Margin Improvement

Gross margin for Q2 was a record 62.6%, expanding 140 basis points compared to last year, driven by lower product costs and favorable channel mix.

Women's and Tops Segment Growth

Women's segment grew 14%, and the tops business grew 16% in Q2, with strong performance across genders and channels.

Successful Marketing Initiatives

Levi's launched successful global marketing campaigns, including the REIIMAGINE campaign with Beyoncé and a new collaboration with NIKE.

Loyalty Program Expansion

Levi's expanded its loyalty program to several countries in Europe, reaching close to 40 million members worldwide.

Levi Strauss & Co (LEVI) Earnings, Revenues Date & History

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LEVI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 01, 2025	2025 (Q3)	0.30 / -	0.33	―	―	―
Jul 10, 2025	2025 (Q2)	0.13 / 0.22	0.16	37.50% (+0.06)	―
Apr 07, 2025	2025 (Q1)	0.28 / 0.38	0.26	46.15% (+0.12)	―
Jan 29, 2025	2024 (Q4)	0.48 / 0.50	0.44	13.64% (+0.06)	―
Oct 02, 2024	2024 (Q3)	0.31 / 0.33	0.28	17.86% (+0.05)	―
Jun 26, 2024	2024 (Q2)	0.11 / 0.16	0.04	300.00% (+0.12)	―
Apr 03, 2024	2024 (Q1)	0.21 / 0.26	0.34	-23.53% (-0.08)	―
Jan 25, 2024	2023 (Q4)	0.43 / 0.44	0.34	29.41% (+0.10)	―
Oct 05, 2023	2023 (Q3)	0.27 / 0.28	0.4	-30.00% (-0.12)	―
Jul 06, 2023	2023 (Q2)	0.03 / 0.04	0.29	-86.21% (-0.25)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LEVI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 10, 2025	$19.60	$21.80	+11.22%
Apr 07, 2025	$13.30	$12.24	-7.97%
Jan 29, 2025	$17.69	$18.43	+4.18%
Oct 02, 2024	$20.44	$18.87	-7.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.