Overview

• Adjusted earnings were 34 cents per share on revenue of $1.54 billion, beating LSEG forecasts of 31 cents and $1.50 billion.
• Levi lifted its fiscal 2025 outlook to adjusted EPS of $1.27–$1.32 and revenue of $6.48–$6.59 billion.
• Direct-to-consumer revenue rose 11% and online sales increased 16%, supporting a gross margin of 61.7% and an operating margin of 10.8%.
• The company expects tariff rates to hold at 30% for China and 20% for other countries through year-end, and it has secured inventory ahead of the holidays.
• Shares fell in extended trading despite the beat and raised guidance, while investor coverage highlighted an estimated 2.27% dividend yield.