Levi Strauss & Co. reported sales at its Beyond Yoga brand grew 2 percent in the third quarter ended August 31, to $33 million from $32 million a year ago. Beyond Yoga’s operating loss was $5 million, down from $6 million a year ago.

Companywide, Levi Strauss’ revenues of $1.5 billion were up 7 percent on a reported and organic basis versus Q3 2024.

Net income from continuing operations was $122 million, or $0.31, compared to $23 million, $0.06, in Q3 2024. Adjusted net income increased slightly to $136 million, or $0.34, compared to $134 million, $0.33, in Q3 2024.

Adjusted EPS of $0.34 topped the analyst consensus estimate of $0.30. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.5 billion. Levi’s raised its full-year guidance.

“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 & 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.”

“Our Q3 results demonstrate the power of our strategic transformation, with strong financial performance exceeding expectations across all key metrics including sales, gross margin, adjusted EBIT margin and adjusted diluted EPS,”said Harmit Singh, chief financial and growth officer of Levi Strauss & Co.“With four consecutive quarters of high-single-digit growth and record gross margins driven by our focus on profitability across the organization, we are raising our full-year revenue and adjusted diluted EPS expectations. We have built strong momentum that positions us well to continue delivering strong shareholder value next year and in the years to come.”

Updated Fiscal 2025 Guidance

  • Reported Net Revenue Growth: Raised to approximately 3 percent, up from 1 percent to 2 percent
  • Organic Net Revenue Growth: Raised to approximately 6 percent, up from 4.5 percent to 5.5 percent
  • Gross Margin: Expansion of 100 basis points, up from 80 basis points
  • Adjusted EBIT Margin: Maintained at 11.4 percent to 11.6 percent
  • Tax Rate: Maintained at approximately 23 percent
  • Adjusted Diluted EPS: Raised to $1.27 to $1.32, up from $1.25 to $1.30

 Image courtesy Beyond Yoga/Levi Strauss & Co.