Various washes of Levi's® denim jeans hang next to each other

Top Takeaways From Our Third Quarter 2023 Earnings

Levi Strauss & Co.
October 5, 2023

Today, Levi Strauss & Co. announced financial results for our third quarter 2023, with Q3 net revenues in line with the prior year and a 14% growth in global DTC.

“In the third quarter, we delivered double-digit growth in our direct-to-consumer business, driven by strong comp-store gains, which helped offset continued softness in the wholesale channel, primarily in the U.S.,” said Chip Bergh, president and chief executive officer of Levi Strauss & Co. “We are focused on the levers within our control, and the actions we took in the third quarter are beginning to drive improvements in U.S. wholesale trends. As we look longer term, we remain confident in our ability to achieve our goals given the global strength of the Levi’s® brand, the momentum in our direct-to-consumer business globally and the exceptional growth potential of our product portfolio and our international business.”

Check out more key highlights from our latest results below. For full results, see the press release.