Levi Strauss reports Q3 adjusted EPS 34c, consensus 31c

Reports Q3 revenue $1.5B, consensus $1.5B. DTC 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. “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, President and CEO of Levi Strauss (LEVI) & Co. “With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season. While the macro environment remains complex, the consistency of our performance and operational agility gives me confidence that we will deliver sustained, profitable growth into 2026 and beyond.”