Overview
- Revenue reached $1.45 billion with EPS of $0.22, surpassing analysts’ forecasts of $1.37 billion and $0.13 per share.
- Full-year revenue outlook was raised from a 1–2% decline to growth of 1–2%, and adjusted EPS guidance was lifted to $1.25–$1.30.
- International sales rose 10% led by Europe while U.S. sales increased 7% under a direct-to-consumer-first strategy focusing on core denim products.
- Levi’s share price climbed about 7% as investors welcomed the stronger quarterly results and upgraded outlook.
- The company expects $25–30 million in U.S. tariff costs to be absorbed through higher full-price sales and is shifting production to Bangladesh and Cambodia before steeper duties take effect on August 1.