Levi Strauss announced its third-quarter 2025 financial results and raised its full-year profit forecast. Although the outlook is positive, the company attributed the shortfall in projections compared to Wall Street expectations mainly to tariffs.
In Q3, Levi reported net revenues of $1.5 billion, up 7% on both a reported and organic basis compared to Q3 2024.
In the Americas, net revenues rose 6% reported and 7% on an organic basis. In the U.S., growth was 3% on an organic basis.
The company now anticipates fiscal-year 2025 adjusted earnings per share to be between $1.27 and $1.32, an increase from its previous projection of $1.25 to $1.30 per share.
Michelle Gass, President and CEO of Levi Strauss & Co. told investors, “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. With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season. While the macro environment remains complex, the consistency of our performance and operational agility gives me confidence that we will deliver sustained, profitable growth into 2026 and beyond.”
Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co. stated, “Our Q3 results demonstrate the power of our strategic transformation, with strong financial performance exceeding expectations across all key metrics including sales, gross margin, adjusted EBIT margin and adjusted diluted EPS. With four consecutive quarters of high-single-digit growth and record gross margins driven by our focus on profitability across the organization, we are raising our full-year revenue and adjusted diluted EPS expectations. We have built strong momentum that positions us well to continue delivering strong shareholder value next year and in the years to come.”
Levi shares fell 6% in premarket trading following the announcement.
Read CEO North America’s exclusive interview with Chip Bergh, co-CEO of Levi Strauss
