Overview

• Levi reported second-quarter revenue of $1.45 billion and adjusted EPS of $0.22, topping analysts’ forecasts of $1.37 billion and $0.13.
• The company raised its annual revenue forecast to reflect 1% to 2% growth and lifted its adjusted EPS outlook to $1.25–$1.30, reversing prior projections of a revenue decline and a $1.20 to $1.25 EPS range.
• Forecasts assume U.S. tariffs of 30% on Chinese imports and 10% on other goods, with Levi planning to absorb $25 million to $30 million in annual tariff costs and targeting 80 basis points of gross margin expansion.
• Direct-to-consumer sales climbed 11% in Q2 as strategic shifts under Project Fuel and premium pricing on new fits reduced reliance on promotions.
• European net revenue jumped 14%, highlighting regional demand strength as Levi diversifies sourcing across Southeast Asia to mitigate trade-policy disruptions.