Filing Flows › Levi Strauss (LEVI) › Q3 FY25
Levi Strauss (LEVI) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Oct 9, 2025
Levi Strauss (LEVI) reported revenue of $1.5B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +7% from the quarter before. Operating margin was 10.8%, net earnings $218M (14.1% of revenue).
Levi Strauss, Q3 FY25: revenue $1.5B (+7% year over year), operating margin 10.8%, net earnings $218M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +7% | +7% |
| Gross profit | $952M | +5% | +9% |
| Operating profit | $167M | +55% | +412% |
| Net earnings | $218M | +226% | +954% |
| Operating cash flow | $24.8M | -87% | -53% |
What changed
Revenue was $1.5B in Q3 FY25, up 7% year over year and up 7% from the previous quarter. Americas was the largest line at 52% of revenue. Americas added $0.05B year over year (up 6%), 49% of the total change.
Gross margin was 61.7%, up 1.1 points from a year earlier. Operating profit was $0.17B, a 10.8% margin (up 8.6 points year over year). Of the extra revenue versus a year earlier, 134% reached operating profit, above the 2% margin then. Operating expenses fell 7% while revenue rose 7%. Net earnings were $0.22B, up 954% year over year. The effective tax rate was 13.6%. Non-operating items added $0.08B, 34% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.02B (down 53% year over year), 11% 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 used $0.27B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Levi Strauss' revenue in the third quarter fiscal 2025?
Levi Strauss (LEVI) reported revenue of $1.5B for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +7% from the quarter before.
Was Levi Strauss profitable in the third quarter fiscal 2025?
Operating profit was $167M (10.8% of revenue) and net earnings $218M.
Source: Levi Strauss 10-Q on SEC EDGAR.