Levi Strauss & Co (NYSE:LEVI) reported second-quarter financial results after the market close on Thursday. Here’s a rundown of the report.
Q2 Earnings: Levi Strauss reported second-quarter revenue of $1.45 billion, beating analyst estimates of $1.37 billion. The company reported second-quarter adjusted earnings of 22 cents per share, beating estimates of 13 cents per share, according to Benzinga Pro.
Total revenue was up 6% on a year-over-year basis. Revenue was up 5% in the Americas, up 14% in Europe and flat in Asia. Direct-to-consumer revenue climbed 11% and wholesale revenue increased 3% year-over-year.
Total inventories increased 15% on a dollar basis. The company ended the quarter with $654 million in cash and cash equivalents.
“We delivered another strong quarter, reflecting broad-based strength across the board — clear evidence that our strategic agenda is gaining traction,” said Michelle Gass, president and CEO of Levi Strauss.
“We’re entering the second half of 2025 from a position of strength as our ambition to transform into a denim lifestyle brand and best-in-class DTC retailer becomes our reality.”
Outlook: Levi Strauss raised its full-year revenue growth guidance to a range of 1% to 2%. The company previously expected 1% to 2% declines in revenue for 2025.
Levi also raised its full-year adjusted earnings guidance from a range of $1.20 to $1.25 per share to a new range of $1.25 to $1.30 per share, versus estimates of $1.23 per share.
LEVI Price Action: Levi Strauss shares were up 7.40% in after-hours, trading at $21.19 at the time of publication on Thursday, according to Benzinga Pro.
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