For the interval, adjusted EBIT climbed 47% to $204m (£159m), whereas direct-to-consumer and wholesale gross sales elevated 9% and three%, respectively.
The denim model reported development throughout numerous areas. Within the Americas, web revenues elevated 6% to $783m (£612m), whereas in Asia they rose 7% to $308m (£240m). Nonetheless, in Europe web revenues decreased 5% to $400m (£312m).
Michelle Gass, president and CEO of Levi Strauss & Co, stated: “We exceeded income and profitability expectations within the first quarter, marking a robust begin to the 12 months – one other proof level that our transformation technique is working. The Levi’s model is stronger than ever, and we’ll proceed to gasoline this momentum via a strong product pipeline and by maintaining the model firmly on the centre of tradition throughout the globe.
“Whereas we recognise that we’re working in an unsure setting, our world footprint, robust margin construction and agile provide chain place us to navigate the steadiness of the 12 months and past.”
Levi’s 2024/25 steering stays unchanged: natural web income set between 3.5% and 4.5%. Adjusted EBIT margin is anticipated to achieve 70 to 90 foundation factors.
Harmit Singh, chief monetary and development officer of Levi Strauss & Co, added: “We delivered vital margin enlargement and double-digit earnings development within the first quarter, and the robust momentum continued via March.
“Wanting ahead, we’re sustaining our 2025 top- and bottom-line steering, which excludes any affect from the current tariff bulletins, and we anticipate minimal affect to our second-quarter margin outlook. As well as, our robust steadiness sheet, improved structural economics and the underlying power of our enterprise all give us confidence in our path ahead.”
