The retailer reported a 3% increase in quarterly sales from continuing operations to 1.53 billion dollars, excluding sales from the Dockers brand. Analysts on average had reportedly expected a 1% decline to 1.54 billion dollars.
In the Americas, net revenues increased 6% on a reported basis and 11% on an organic basis. Within the Americas, the U.S. grew 8% on an organic basis. In Europe, net revenues decreased 5% on a reported basis and increased 3% on an organic basis. Furthermore, Asia net revenues increased 7% on a reported basis and 10% on an organic basis.
“We delivered significant margin expansion and double-digit earnings growth in the first quarter, and the strong momentum continued through March,” said Harmit Singh, chief financial and growth officer. “Looking forward, we are maintaining our 2025 top- and bottom-line guidance, which excludes any impact from the recent tariff announcements.”
As part of its plan to streamline its business operations through a transformation strategy, the brand also announced last October that it was looking into selling Dockers, which is struggling with weak demand. However, Levi’s still manages to maintain a positive outlook on the rest of the year, with Michelle Gass, president and CEO of LS&Co., stating “while we recognize that we are operating in an uncertain environment, our global footprint, strong margin structure and agile supply chain position us to navigate the balance of the year and beyond.”
