Overview
Levi Strauss & Co. (NYSE:LEVI) posted second‑quarter 2026 results that beat analyst expectations, yet the stock slipped 4.8% as investors focused on the full‑year earnings outlook. The article, dated 09‑07‑2026, notes the decline in share price was nearly five percent.
Quarterly Financial Performance
The company recorded adjusted earnings per share (EPS) of $0.28 for the quarter ended May 31, surpassing the consensus estimate of $0.24. Revenue reached $1.56 billion, exceeding the $1.52 billion forecast and representing an 8% increase from $1.45 billion in the comparable period a year earlier.
Organic Growth and Regional Breakdown
Organic net revenues grew 6% year‑over‑year. Direct‑to‑consumer (DTC) sales rose 8% on an organic basis, while comparable store sales increased 6% organically. Regionally, the Americas delivered 7% organic revenue growth, Asia posted a 12% increase, and Europe contracted 1% on an organic basis.
Margins and Profitability
Operating margin expanded to 7.8% from 7.5% in the prior year. Adjusted EBIT margin improved to 9.0%, up from 8.3% previously.
Full‑Year Guidance and Dividend
Levi Strauss raised its full‑year 2026 adjusted EPS guidance to a range of $1.46 to $1.52, with a midpoint of $1.49, which remains below the analyst consensus of $1.51. The company also increased its reported net‑revenue growth guidance for fiscal 2026 to 7.0%‑7.5%, up from the earlier 5.5%‑6.5% range. The quarterly dividend was lifted 14% to $0.16 per share.
Executive Commentary
CEO Michelle Gass highlighted that the Levi’s brand is connecting with consumers worldwide and described the Q2 results as proof of strategy execution. CFO Harmit Singh emphasized the strong first‑half performance and noted that the full‑year guidance was raised on the back of the quarter’s beat.