Today, Levi Strauss & Co. announced financial results for Q1 FY25, with reported net revenues up 3%, organic net revenues up 9% and the Levi’s® brand up 8% globally on an organic basis. The company’s fiscal 2025 guidance remains unchanged other than to reflect the Dockers® business as a discontinued operation and does not reflect any impact from the recently announced tariffs.
“We exceeded revenue and profitability expectations in Q1 marking a strong start to the year, another proof point that our transformation strategy is working,” said Michelle Gass, president and CEO of LS&Co. “The Levi’s® brand is stronger than ever, and we will continue to fuel this momentum through a robust product pipeline and by keeping the brand firmly at the center of culture across the globe. While we recognize that we are operating in an uncertain environment, our global footprint, strong margin structure and agile supply chain position us to navigate the balance of the year and beyond.”
“We delivered significant margin expansion and double-digit earnings growth in the first quarter, and the strong momentum continued through March,” said Harmit Singh, chief financial and growth officer. “Looking forward, we are maintaining our 2025 top- and bottom-line guidance, which excludes any impact from the recent tariff announcements, and we anticipate minimal impact to our Q2 margin outlook. In addition, our strong balance sheet, improved structural economics and the underlying strength of our business all give us confidence in our path forward.”
Check out key highlights from the quarter below. For full results, see the press release.
