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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.
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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
·New York, United States
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right2Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 25%
C 58%
R 17%
Factuality
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