Levi Strauss & Co.
- Levi Strauss & Co. increased 1.7% to $19.73 after the apparel and jeans company reported nearly a four-fold increase in quarterly earnings.
Consolidated revenue in the June quarter increased to $1.4 billion from $1.3 billion, net income jumped to $67 million from $18 million, and diluted earnings per share rose to 17 cents from 4 cents a year ago.
For the six-month period, revenue edged higher to $3 billion from $2.8 billion, net income soared to $202 million from $7.3 million, and diluted earnings per share advanced to 51 cents from 2 cents a year ago.
Geographically, in the Americas, net revenues increased 5% on a reported basis and 9% on an organic basis.
Organic revenue in the U.S. grew 7%, and the Levi’s® brand sales were up 9% globally.
The company's annual revenue guidance is based on the U.S. tariff rate of 30% on imports from China and 10% for the rest of the world for the remainder of the year and excludes the discontinued operations of Dockers.
The company revised higher annual revenue growth to between 1% and 2%, up from the previous estimate of a decline between 1% and 2%.
The organic net revenue growth range was raised to an increase between 4.5% and 5.5%, up from the previous range between 3.5% and 4.5%.
Gross margin expansion was revised to 80 basis points, lower than the previous estimate of up to 100 basis points, due to a 20-basis-point impact from tariffs, including cost control measures.
The company revised its adjusted diluted earnings per share higher by 5 cents to between $1.25 and $1.30, up from the previously estimated range between $1.20 and $1.25.
The company returned approximately $51 million to shareholders through dividends in the second quarter, an 8% increase from a year ago, representing a dividend of $0.13 per share.
As of June 1, the company had $560 million remaining under its current share repurchase authorization.
The company declared an increase in the dividend to $0.14 per share for the third quarter, totaling approximately $55 million, payable on August 8.
Jul 11, 2025 - Levi Strauss & Co. surged 7.4% to $14.50 after the apparel and jeans company reported results for the fiscal first quarter of 2025 ending in March.
Revenue edged up to $1.53 billion from $1.48 billion, net income came in at $135.0 million compared to a loss of $10.6 million, and diluted earnings per share were 34 cents compared to a loss of 3 cents a year ago.
The company returned approximately $81 million to shareholders in the first quarter, a 12% increase over the prior year, including dividends of $51 million and share repurchases of $30 million.
As of March 2, Levi’s had $560 million remaining under its current share repurchase authorization, which has no expiration date.
The company proposed a cash dividend of 13 cents per share, totaling approximately $51 million, payable on May 9 to shareholders on record as of April 24.
Excluding the impact from the recently announced tariffs, the company guided for fiscal 2025 organic net revenue growth to be between 3.5% and 4.5%, reported net revenue down 1% to 2%, compared to $6.35 billion in 2024, and adjusted earnings per share between $1.20 and $1.25, compared to $1.25 in 2024.
Apr 8, 2025 - Levi Strauss & Company decreased 1% to $13.08 after the apparel maker reported third-quarter revenue below market's expectations and the company also lowered its full-year revenue outlook.
Net revenue in the quarter was nearly unchanged at $1.5 billion and net income plunged 94% to $10 million from $173 million and diluted earnings per share dropped to 2 cents from 43 cents a year ago.
The company took an impairment charge of $90.2 million related to $400million Beyond Yoga acquisition in late 2021.
The recognition of the Beyond Yoga impairment charges negatively impacted after-tax diluted earnings per share by 17 cents.
The company returned $48 million to shareholder through a dividend of 12 cents a share and apparel maker did not purchase any shares in the quarter.
Levi announced a 12 cents per share dividend to shareholders on record on October 26 and payable on November 9.
The company forecasted 2023 revenue between flat and 1% increase from the previous year and said customers are searching for bargains and buying fewer items because of inflation and higher mortgages and gasoline prices at pump stations.
Oct 6, 2023
| Year | Feb | May | Aug | Nov | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.29 | 0.00 | 0.02 | - | - | |
| 2022 | 0.48 | 0.12 | 0.43 | 0.38 | 1.41 | |
| 2021 | 0.35 | 0.16 | 0.47 | 0.37 | 1.35 | |
| 2020 | 0.37 | -0.91 | 0.07 | 0.15 | -0.32 | |
| 2019 | 0.37 | 0.07 | 0.3 | 0.23 | 0.97 | |
| 2018 | -0.05 | 0.19 | - | 0.59 | 0.73 | |
| 2017 | - | - | - | - | - | |
| 2016 | - | - | - | - | - | |
| 2015 | - | - | - | - | - |