NYSE$LEVI

Levi Strauss & Co. · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Levi Strauss reported Q3 fiscal 2025 net revenues of $1.54B with net income of $218.1M and diluted EPS of $0.55.

Net revenues were $1.54 billion for the quarter ended August 31, 2025, with net income of $218.1 million and diluted EPS of $0.55, including a gain from discontinued operations. Direct-to-consumer and international growth supported top-line expansion.

  • Q3 net revenues $1.54B; net income $218.1M; diluted EPS $0.55.
  • Continuing operations net income $122M; gross margin expanded.
  • DTC and international channels outperformed U.S. wholesale.
  • Restructuring and brand investments continue in fiscal 2025.

Headline financials

Total Revenue

$1.54B

Previous: $1.52B+1.8%
EPS (adj)

$0.55

Previous: $0.33+66.7%
Operating Margin

10.8%

No prior period
Adjusted EBIT Margin

11.8%

No prior period
Gross Margin

61.7%

No prior period
Adj. SG&A Margin

49.8%

No prior period
Effective Tax Rate

21.9%

No prior period
Dividend Declared

$55M

No prior period
Share Repurchase

$120M

No prior period
Organic Net Revenues

$1.54B

No prior period
Global DTC Comp Sales

7.0%

No prior period
Capital Expenditures

-$170M

Previous: -$162M-5.3%
Free Cash Flow

$47.8M

Previous: -$141M+133.9%
Net Income

$218M

Previous: $20.7M+953.6%
Operating Income

$167M

Previous: $30.3M+452.5%
Gross Profit

$952M

Previous: $911M+4.5%
Cash & Equivalents

$613M

Previous: $577M+6.2%
Total Assets

$6.66B

Previous: $6.25B+6.4%

Revenue & EPS history

Levi's · Revenue · Quarterly

$1.54B

Q3 2025+1.8%vs Q3 2024
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Levi's · $2.91B total across 5 segments · Q3 2023

  • Wholesale
    $902M-8.0%
  • Americas
    $767M-4.8%
  • DTC
    $609M+13.6%
  • Europe
    $384M-1.6%
  • Asia
    $247M+11.7%

Forward guidance

The release discusses Levi Strauss & Co.'s outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Levi Strauss & Co. cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.7%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

52%

15 / 29 earnings

Positive

+20.0%

Q1 2020

Best reaction

-15.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.2%-2.8%
Q4 2025+0.3%-5.1%+8.3%
Q3 2025-12.1%-12.7%-17.5%
Q2 2025+0.4%-0.1%+0.8%
Q1 2025-8.0%+11.4%+26.4%
Q4 2024+4.2%+6.2%-0.7%
Q3 2024-10.3%-9.3%-20.7%
Q2 2024-15.0%-16.4%-22.3%
Q1 2024+11.9%+9.7%+17.4%
Q4 2023+1.5%+7.0%+15.6%
Q3 2023-2.5%+4.3%+7.9%
Q2 2023-7.0%-1.1%+5.0%
Q1 2023-12.6%-14.0%-21.4%
Q4 2022+6.0%+6.3%+5.2%
Q3 2022-15.1%-12.9%-7.9%
Q2 2022+4.9%+6.6%+20.8%
Q1 2022-2.2%-4.3%-9.7%
Q4 2021+4.9%+4.4%+8.7%
Q3 2021+2.9%-4.2%+5.7%
Q2 2021+1.2%+2.4%-3.1%
Q1 2021+4.9%+9.3%+23.2%
Q4 2020-2.9%-7.8%+8.9%
Q3 2020+3.2%+1.3%+7.5%
Q2 2020-12.0%-12.6%-16.2%
Q1 2020+20.0%+26.0%+8.0%
Q4 2019-0.8%-2.5%-14.2%
Q3 2019-11.3%-11.9%-11.4%
Q2 2019-10.2%-13.2%-24.1%
Q1 2019+6.8%+5.4%+5.5%
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q4 2012
Q4 2011
Q3 2010
Q2 2010
Q1 2009

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