Filing Flows › Levi Strauss (LEVI) › Q2 FY25
Levi Strauss (LEVI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 10, 2025
Levi Strauss (LEVI) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -5% from the quarter before. Operating margin was 7.5%, net earnings $67.0M (4.6% of revenue).
Levi Strauss, Q2 FY25: revenue $1.4B (+6% year over year), operating margin 7.5%, net earnings $67.0M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -5% | +6% |
| Gross profit | $906M | -4% | +9% |
| Operating profit | $108M | -44% | +417% |
| Net earnings | $67.0M | -50% | +272% |
| Operating cash flow | $186M | +253% | -29% |
| Free cash flow | $146M | — | -34% |
What changed
Revenue was $1.4B in Q2 FY25, up 6% year over year and down 5% from the previous quarter. Americas was the largest line at 52% of revenue. Europe added $0.05B year over year (up 14%), 57% of the total change. Asia declined 1%.
Gross margin was 62.6%, up 1.4 points from a year earlier. Operating profit was $0.11B, a 7.5% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 100% reached operating profit, above the 2% margin then. Operating expenses fell 2% while revenue rose 6%. Net earnings were $0.07B, up 272% year over year. The effective tax rate was 25.5%.
Operating cash flow was $0.19B (down 29% year over year), 277% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.04B. After purchases of property, plant and equipment ($0.04B), adjusted free cash flow as the company reports it was $0.15B.
Questions
What was Levi Strauss' revenue in the second quarter fiscal 2025?
Levi Strauss (LEVI) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), +6% from a year earlier and -5% from the quarter before.
Was Levi Strauss profitable in the second quarter fiscal 2025?
Operating profit was $108M (7.5% of revenue) and net earnings $67.0M.
Source: Levi Strauss 10-Q on SEC EDGAR.