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Levi Strauss Reports Strong Q1 Results, Advances Direct-to-Consumer Strategy

The company exceeded earnings expectations, maintained its full-year forecast, and addressed tariff challenges with strategic measures.

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The signage of Levi Strauss & Co. store is seen at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo
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Overview

  • Levi Strauss reported Q1 revenue of $1.53 billion and adjusted earnings per share of $0.38, surpassing analyst expectations.
  • The company maintained its full-year revenue and profit forecasts, excluding potential impacts from new tariffs imposed by the U.S. government.
  • Levi's direct-to-consumer business accounted for 52% of global net revenues, marking significant progress in its transformation strategy.
  • An internal task force has been established to mitigate tariff impacts, with plans for targeted pricing adjustments if necessary.
  • The Dockers brand was reclassified as discontinued operations, with the company pursuing its sale as part of a broader operational streamlining effort.