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Earnings transcript
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LEVI
Levi Strauss & Co.
$20.44
-0.21
(-1.02%)
| Exchange: | NYSE |
| Market Cap: | 7.838B |
| Shares Outstanding: | 37.3M |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Apparel – ManufacturersView industry performance | |||||
| CEO: | Michelle D. Gass | |||||
| Full Time Employees: | 19000 | |||||
| Address: |
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| Website: | https://www.levistrauss.com |
Levi Strauss & Co. stands as a prominent global clothing enterprise, actively involved in the conceptualization, promotion, and distribution of an extensive collection of apparel and related accessories. Their comprehensive product line includes denim, casual and formal trousers, athletic wear, tops, shorts, skirts, dresses, jackets, footwear, and various other accessories, all designed to appeal to men, women, and children across the Americas, Europe, and Asia. The company markets its offerings under several renowned brands, such as Levi’s, Dockers, Signature by Levi Strauss & Co., and Denizen. Furthermore, Levi Strauss & Co. extends its reach by granting licenses for its Levi’s and Dockers trademarks to be utilized across an expanded array of product categories, including footwear, belts, small leather goods, outerwear, knitwear, dress shirts, children’s apparel, sleepwear, and hosiery. The distribution of its merchandise occurs through a multifaceted approach: via independent retailers like major department stores, specialized boutiques, third-party e-commerce platforms, and franchised outlets dedicated to its brands. Concurrently, the company fosters a direct relationship with consumers through its own network of mainline and clearance stores, proprietary online sales portals, and select in-store concessions situated within larger retail environments. In total, Levi Strauss & Co. directly manages approximately 3,100 brand-specific stores and shop-in-shops. Established in 1853, the firm maintains its corporate headquarters in San Francisco, California.
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Revenue Segmentation
LEVI full analysis
Welcome back to MarketSnap. It's Sunday, October 11th, and markets are closed, so everything we're looking at comes from Friday's session — the last completed trading day. Here's a puzzle for you. Levi's is arguably more culturally relevant than it's been in decades. Gen Z is reviving vintage cuts like the baggy 517. The company is forecasting sales growth of around 7.5% for the fiscal year. And the stock? Down more than 7% in a week. Down about 22% in…
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 6,179,000 | 6,355,300 | 6,282,000 |
| Gross Profit | 3,515,700 | 3,815,900 | 3,877,800 |
| EBITDA | 476,400 | 454,000 | 888,900 |
| Operating Income | 353,300 | 264,100 | 677,600 |
| Net Income | 249,600 | 210,600 | 578,100 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,053,600 | 6,375,500 | 6,848,800 |
| Total Liabilities | 4,007,200 | 4,405,000 | 4,570,200 |
| Total Stockholders Equity | 2,046,400 | 1,970,500 | 2,278,600 |
| Total Debt | 2,180,500 | 2,213,300 | 2,305,500 |
| Cash and Cash Equivalents | 398,800 | 690,000 | 757,900 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 435,500 | 898,400 | 529,600 |
| Capital Expenditure | -313,600 | -227,500 | -221,400 |
| Free Cash Flow | 121,900 | 670,900 | 308,200 |
| Net Income | 249,600 | 210,600 | 578,100 |
| Net Change in Cash | -30,800 | 291,200 | 67,900 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,265,316.281 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 7,504,633.458 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 7,394,257.758 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,057,096.745 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,121,412.525 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,089,254.635 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 716,626.502 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 776,373.027 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 746,499.765 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,543,362.705 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,660,079.931 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,606,248.669 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 1.870 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 1.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 1.790 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong gross margin and profitability profile: TTM gross profit margin stands at 62.81%, reflecting robust pricing power and brand equity. ROE (TTM) is 25.72%, indicating efficient shareholder capital returns. FY2025 net income of $578.1M represents a 174.5% year-over-year increase from FY2024's $210.6M, with diluted EPS rising from $0.52 to $1.45.
- Diversified international revenue base: FY2024 geographic segments show Americas at $3.20B, Europe at $1.62B, and Asia at $1.08B. Q3 2026 revenue growth was supported by international markets, reducing reliance on any single region. The "Other Brands" segment (Dockers, Denizen, Signature) contributed $454.4M in FY2024, further diversifying the product mix.
- Digital and DTC transformation momentum: Q2 2026 direct-to-consumer sales grew 11% year-over-year, with total revenue up 7.6% to $1.56B and adjusted net income up 24%. The company is accelerating e-commerce, loyalty expansion, and AI-ready systems to build a faster, more efficient DTC business. Gen Z engagement with vintage and baggy cuts (e.g., 517) is driving organic brand relevance.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates LEVI intrinsic value between $28.73 – $32.67 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LEVI valuation
Is Levi Strauss & Co. (LEVI) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Levi Strauss & Co. (LEVI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LEVI a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LEVI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LEVI’s P/E ratio?
You can see LEVI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LEVI?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LEVI a good long-term investment?
Whether LEVI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LEVI
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Daily snapshot
-1.02
Trading Metrics:
| Open: | 20.82 | Previous Close: | 20.65 | |
| Day Low: | 20.24 | Day High: | 20.95 | |
| Year Low: | 17.72 | Year High: | 25.7 | |
| Price Avg 50: | 20.75 | Price Avg 200: | 21.69 | |
| Volume: | 3.616M | Average Volume: | 2.938M |
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