For the fiscal year ending November 30, Levi Strauss reported an impressive net income of $502 million, up dramatically from $210 million the previous year. Operating income also soared to $678 million, a considerable rise from $263 million in the same period last year.
The company’s revenue increased to $6.28 billion, compared to $6.0 billion a year earlier.
This year’s outcomes were enhanced by the absence of significant restructuring, goodwill, and impairment charges, all of which positively impacted Levi Strauss’s financial performance.
“Over the past few years, we’ve taken bold steps toward becoming a DTC-first, head-to-toe denim lifestyle brand,” stated Michelle Gass, president and CEO of Levi Strauss & Co. “We have narrowed our focus, improved operational execution, and built greater agility across the organisation. As a result, we’ve elevated the Levi’s brand and delivered faster growth and higher profitability, as reflected by our Q4 and full-year 2025 results. While we still have important work ahead, the company is at an inflection point—emerging as a stronger, more resilient global business ready to define the next chapter of LS&Co.”
CFO Harmit Singh added, “We are sustaining our momentum, delivering 5% organic growth in the fourth quarter on top of an 8% increase in the prior year. Our success in the denim lifestyle has enabled us to expand our addressable market, positioning us for mid-single-digit growth in 2026 and beyond. Our disciplined approach to converting growth into profitability has improved adjusted EBIT margin in 2025 for the third year in a row, and we are on track to expand margins further as we strive toward 15%. Our confidence in this trajectory is reflected in a new $200 million ASR programme.”
In the fourth quarter, net revenues hit $1.8 billion, marking a 1% increase on a reported basis and a 5% rise on an organic basis compared to Q4 2024.
Net income from continuing operations stood at $160 million, a slight decrease from $180 million in Q4 2024. Adjusted net income was $163 million, down from $200 million in the same quarter last year.
This strong financial performance underscores the effectiveness of Levi Strauss’s strategies and its robust position in the market.