Levi Strauss & Co. (NYSE:LEVI) released its third-quarter earnings report after Thursday's closing bell.
Here's a look at the key figures from the quarter.
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Q3 Details
Levi Strauss reported quarterly earnings of 34 cents per share, which beat the consensus estimate of 31 cents.
Investors may have been looking for a stronger beat given the company’s standout second quarter performance.
Quarterly revenue came in at $1.54 billion, which beat the analyst consensus estimate of $1.5 billion and was up from revenue of $1.44 billion from the prior year’s quarter.
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Levi Strauss reported the following third quarter highlights:
- Net Revenues of $1.5 billion were up 7% on a reported and organic basis versus third quarter 2024.
- DTC (Direct-to-Consumer) net revenues increased 11% on a reported basis and 9% on an organic basis.
- DTC growth on an organic basis reflected a 7% increase in the U.S., a 4% increase in Europe and a 14% increase in Asia.
- Net revenues from e-commerce grew 18% on a reported basis and 16% on an organic basis. DTC comprised 46% of total net revenues in the third quarter.
- Wholesale net revenues increased 3% on a reported basis and 5% on an organic basis.
“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 Michelle Gass, CEO of Levi Strauss & Co.
“With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season,” Gass added.
Outlook
Levi Strauss raised its fiscal year 2025 adjusted EPS guidance to between $1.27 and $1.32, versus the $1.31 analyst estimate, and raised its revenue outlook to a new range of $6.48 billion to $6.59 billion, versus the $6.16 billion estimate.
LEVI Stock Price: According to data from Benzinga Pro, Levi Strauss stock was down 6.11% at $23.04 in Thursday's extended trading.
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