Levi Strauss & Co. closed fiscal 2025 with steady top line growth and stronger profitability, capping the year with a fourth quarter defined by resilient DTC gains, a fast growing Beyond Yoga® business, and continued progress on its “ denim lifestyle ” strategy.
The San Francisco company is guiding to mid single digit revenue growth and further margin expansion in 2026 , underlining confidence in its direct to consumer pivot and disciplined cost control. Q4 2025: Modest Growth, DTC Momentum In the fourth quarter
ended November 30, 2025 , net revenues reached $1.8 billion , up 1% on a reported basis and 5% on an organic basis compared to Q4 2024 . Growth was broad based, with Europe up 8% reported ( 10% organic), Asia up 2% reported ( 4% organic), and Americas down 4% reported but up 2% organically.
The DTC channel continued to outpace the broader business, with net revenues up 8% on a reported basis and 10% organically, and ecommerce growing 19% reported ( 22% organic); DTC accounted for 49% of total net revenues in the quarter. Meanwhile, Beyond Yoga® stood out with 37% reported growth ( 45% organic).
Profitability And EPS Q4 gross margin was 60.8% , down from 61.8% a year earlier, primarily due to tariffs, partially offset by initial price increases.
Operating margin held steady at 11.9% in both Q4 2025 and Q4 2024 , while adjusted EBIT margin declined to 12.1% from 13.9% , reflecting tariff headwinds and the impact of lapping a prior year's 53rd week…
