Levi Strauss & Co. (NYSE:LEVI) Releases Earnings Results, Beats Expectations By $0.04 EPS
The denim maker lifted its 2026 sales outlook to 7% to 7.5% growth after revenue and adjusted earnings beat estimates, while shares fell more than 5%.
- On Wednesday, Levi Strauss reported second-quarter revenue of $1.56 billion, beating analyst estimates of $1.52 billion and raising its full-year revenue outlook to 7.0%–7.5%.
- CEO Michelle Gass attributed the strong performance to the company's evolution into a "DTC-first, denim lifestyle company," which she said is "translating to faster growth and higher profitability."
- Second-Quarter net income reached $87.3 million, with Asia sales jumping 10% and Europe rising 4%, while the company diversifies sourcing from China, Bangladesh, and Cambodia to offset tariff pressures.
- Despite the earnings beat, Levi Strauss shares dropped more than 5% in extended trading, while finance chief Harmit Singh announced his retirement after about 13 years in the role.
- Management recently launched a marketing campaign tied to FIFA World Cup preparations at Levi's Stadium, reflecting efforts to keep the 173-year-old brand culturally relevant among younger consumers.
13 Articles
13 Articles
Levi’s is finding new ways to win customers — by looking toward tops and ‘denim luxury’
Jeans maker raises its full-year outlook for the second straight time, but shares fall after hours Article Attribution | Read More at Article Source The post Levi’s is finding new ways to win customers — by looking toward tops and ‘denim luxury’ appeared first on RocketNews.
Levi Strauss Reports Q2 2026 Results: Full Earnings Call Transcript - Levi Strauss (NYSE:LEVI)
On Wednesday, Levi Strauss (NYSE:LEVI) discussed second-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call transcripts and
Levi Strauss & Co. (NYSE:LEVI) Releases Earnings Results, Beats Expectations By $0.04 EPS
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) announced its quarterly earnings results on Wednesday. The blue-jean maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
