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Jun 01, 2025
Levi's Q2 2025 Earnings Report
Levi's reported solid growth in revenue and profitability in Q2 2025, with strong DTC performance and improved margins.
Key Takeaways
Levi Strauss & Co. posted a strong Q2 2025 with 6% revenue growth and a 5.5% net income margin. The company raised its full-year guidance, driven by record gross margins and sustained DTC momentum despite tariff headwinds.
Net revenues were $1.4 billion, up 6% reported and 9% organic compared to Q2 2024.
Gross margin increased 140 basis points to a record 62.6%.
Operating margin was 7.5% and Adjusted EBIT margin was 8.3%, up 190 basis points.
Adjusted diluted EPS was $0.22, a 37% increase year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Levi Strauss & Co. raised its full-year revenue and adjusted EPS guidance, signaling confidence despite tariff-related pressures.
Positive Outlook
- Raised reported net revenue growth guidance by 3 percentage points
- Raised organic net revenue growth guidance by 1 percentage point
- Adjusted diluted EPS raised to $1.25–$1.30 from prior $1.20–$1.25
- Maintained adjusted EBIT margin guidance at 11.4%–11.6%
- Dividend for Q3 increased to $0.14 per share
Challenges Ahead
- Tariffs expected to reduce gross margin by 20 basis points
- Currency headwinds still affecting international comparisons
- Inventory levels up 15% year-over-year
- Impact from discontinued Dockers operations continues
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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