economy
Levi Strauss revenue jumps again, with DTC making up more than half of sales for the first time
Levi Strauss beat estimates on the top and bottom lines and raised its guidance, which doesn't take into account President Donald Trump's latest tariff rates.
TL;DR
- Levi Strauss's revenue increased by 14% in the latest quarter, reaching $1.74 billion.
- Direct-to-consumer (DTC) sales now constitute 52% of overall revenue, a new milestone for the company.
- The company exceeded first-quarter earnings per share expectations, reporting 42 cents adjusted.
- Levi Strauss raised its full-year guidance for adjusted earnings per share and sales growth.
- Approximately half of the company's growth is attributed to price increases, with the other half from unit sales.
- Potential tariff changes could significantly impact future earnings, with the possibility of refunds from previously disputed tariffs.
- The company is seeing growth across its value, middle market, and premium brand segments.