Levi Strauss & Co. has reported a 7% increase in net revenue for the third quarter ended 31st August 2025, driven by growth in its direct-to-consumer (DTC) operations.
DTC net revenues rose 11% on a reported basis and 9% organically, reflecting strong performance across key markets. E-commerce sales performed particularly well, with DTC accounting for 46% of total net revenues in the quarter. Wholesale net revenues grew 3% reported and 5% organically.
Regional performance included, Americas with net revenues up 6% reported, 7% organically, Europe with net revenues up 5% reported, 3% organically and Asia with net revenues up 12% reported and organically
Michelle Gass, President and CEO of Levi Strauss & Co., said the quarter demonstrated the impact of the company’s pivot to a DTC-first, head-to-toe denim lifestyle retailer, which was driving an inflection in financial performance. She noted that while the macroeconomic environment remained complex, the company’s operational agility and consistent performance provided confidence in achieving sustained, profitable growth into 2026 and beyond.
Looking ahead, Levi Strauss now expects reported net revenue growth of approximately 3%, up from its previous outlook of 1–2%.
On 31st July, the company completed the sale of Dockers intellectual property and operations in the US and Canada for US $ 194.7 million, with the sale of remaining international Dockers operations expected in Q1 2026. Consequently, Dockers is now classified as discontinued operations, and the updated guidance reflects continuing operations only, assuming no significant macroeconomic deterioration, including inflation, recession, supply chain disruptions, tariffs, or currency volatility.
Harmit Singh, Chief Financial & Growth Officer, said that with four consecutive quarters of high-single-digit growth and record gross margins, the company had raised its full-year outlook. He added that the business had built strong momentum, positioning it to continue delivering shareholder value in the coming years.
