LEVI STRAUSS & CO.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.28B | $6.03B | $5.84B | $6.17B | $5.76B | $4.45B | $5.76B | $5.58B |
| Cost of Revenue | $2.40B | $2.37B | $2.48B | $2.62B | $2.42B | $2.10B | $2.66B | $2.58B |
| Gross Profit | $3.88B | $3.66B | $3.36B | $3.55B | $3.35B | $2.35B | $3.10B | $3.00B |
| Gross Margin | 61.7% | 60.6% | 57.5% | 57.5% | 58.1% | 52.8% | 53.8% | 53.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.17B | $3.09B | $2.90B | $2.88B | $2.66B | $2.35B | $2.53B | $2.46B |
| Operating Income | $677.6M | $262.7M | $354.4M | $646.5M | $686.2M | $-85.1M | $566.7M | $540.4M |
| Operating Margin | 10.8% | 4.4% | 6.1% | 10.5% | 11.9% | -1.9% | 9.8% | 9.7% |
| Interest Expense | — | — | $45.9M | $25.7M | $72.9M | $82.2M | $66.2M | $55.3M |
| Pretax Income | $634.0M | $217.6M | $266.3M | $649.6M | $580.2M | $-189.7M | $477.6M | $500.0M |
| Income Tax Expense | $132.0M | $7.2M | $15.7M | $80.5M | $26.7M | $-62.6M | $82.6M | $214.8M |
| Net Income | $578.1M | $210.6M | $249.6M | $569.1M | $553.5M | $-127.1M | $394.6M | $283.1M |
| Net Margin | 9.2% | 3.5% | 4.3% | 9.2% | 9.6% | -2.9% | 6.8% | 5.1% |
| EPS (Basic) | $1.46 | $0.53 | $0.63 | $1.43 | $1.38 | $-0.32 | $1.01 | $0.75 |
| EPS (Diluted) | $1.45 | $0.52 | $0.62 | $1.41 | $1.35 | $-0.32 | $0.97 | $0.73 |
| Shares Outstanding (Basic) | 395.5M | 398.2M | 397.2M | 397.3M | 401.6M | 397.3M | 389.1M | 377.1M |
| Shares Outstanding (Diluted) | 399.7M | 402.4M | 401.7M | 403.8M | 409.8M | 397.3M | 408.4M | 388.6M |
| Dividends Per Share | $0.54 | $0.50 | $0.48 | $0.44 | $0.26 | $0.16 | $0.30 | — |