NYSE:LEVI 22 July 2025 - 17 November 2025

Levi Strauss & Co. delivered strong third-quarter 2025 results, topping estimates and defying retail sector headwinds. Revenue for Q3 hit $1.54 billion, up 7% year-on-year and slightly above analyst expectations of ~$1.50 billionreuters.comtipranks.com. Adjusted earnings were $0.34 per share, a penny higher than a year ago and beating the $0.31 consensus estimatetipranks.com. The company achieved broad-based growth across channels, regions, and product categories. Direct-to-consumer sales – through Levi’s own stores and website – surged +11%, now making up 46% of total revenuebenzinga.combenzinga.com. Notably, e-commerce sales jumped 16% as Levi’s leaned into online and full-price sellingreuters.com. This quarter showcased improving profitability. Gross margin expanded 61.7% despite higher import tariffs, thanks to a richer product mix and pricing powermarkets.ft.com. Operating margin climbed to 10.8% as Levi’s anniversary-ed hefty prior-year chargesmarkets.ft.com. Even on an adjusted basis, EBIT margins held strong at 11.8%markets.ft.com. Net income from continuing operations was $122 million, a five-fold jump from $23 million in the prior-year quartermarkets.ft.com. “We delivered another very strong quarter as our pivot to becoming a DTC-first, head-to-toe denim lifestyle retailer is driving a meaningful inflection in our financial performance,” said CEO Michelle Gasslevistrauss.com. She noted strength “across channels, segments and categories” and expressed confidence heading into