By Sabela Ojea

Levi Strauss said fiscal first-quarter revenue rose, boosted by the U.S. market, and kept its outlook for the year unchanged but excluded the impact of higher tariffs from its guidance.

The apparel retailer on Monday swung to a profit for the three months ended March 2 of $135 million, or 34 cents a share, from a loss of $10.6 million, or 3 cents a share, for the same period a year earlier.

Stripping out one-time items, the company's earnings per-share came in at 38 cents. Analysts polled by FactSet had forecast adjusted earnings of 28 cents.

"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," Chief Executive Michelle Gass said.

Revenue rose 3.1% to $1.53 billion, excluding $67 million of revenue from Dockers after being reclassified as a discontinued brand, and boosted by a 6% increase across its core Americas region. Overall, direct-to-consumer revenue increased 9%, while wholesale fell 3%. Analysts polled by FactSet had forecast total revenue of $1.54 billion.

In the U.S., revenue rose 8% on an organic basis after logging high-single digit growth in both its direct-to-consumer and wholesale businesses.

The company kept its outlook for fiscal 2025 unchanged, excluding the impact from President Trump's latest round of tariffs, but said it expects a minimal impact to its second-quarter outlook.

Levi's guidance also doesn't assume any significant worsening macro-economic pressure on the consumer.

The company expects a drop in full-year revenue of 1% to 2%, and adjusted earnings between $1.20 to $1.25.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

April 07, 2025 16:10 ET (20:10 GMT)

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