Levi Strauss & Co. Reports Q3 Results with Tariff Refunds Boosting Profitability

Levi Strauss & Co. reported a 4% increase in net revenues to $1.6 billion in Q3, with wholesale sales growing 6% and tariff refunds contributing to a 450 basis point expansion in gross margin.

Why it matters. Levi’s DTC sales are recovering, and the company is using tariff refunds to fund marketing and improve supply chain capabilities, which could impact its competitive position in the denim market.