Levi Strauss beats Q2 estimates, raises guidance and dividend amid strong demand
Levi Strauss & Co. reported fiscal Q2 2026 earnings that beat Wall Street expectations, with adjusted EPS of $0.28 (vs. $0.24 expected) and revenue of $1.56 billion (vs. $1.52 billion). The company raised its full-year revenue growth outlook to 7-7.5% and increased its dividend by 14%. Strong performance was driven by volume gains, direct-to-consumer growth (now 51% of sales), and regional strength in the Americas and Asia. Despite the beat, shares fell over 5% in after-hours trading due to a narrow miss on earnings guidance midpoint versus analyst consensus.
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Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
Levi Strauss & Co reported second-quarter results that exceeded Wall Street expectations, with adjusted earnings of $0.28 per share versus the expected $0.24, and revenue of $1.56 billion, up 8% year-over-year. The company raised its full-year revenue and earnings guidance, citing strong direct-to-consumer growth (up 11%) and e-commerce sales (up 19%). DTC now represents 51% of total net revenue. By region, revenue grew 9% in the Americas, 4% in Europe, and 10% in Asia. The company also increased its quarterly dividend. CEO Michelle Gass noted the brand is gaining traction but is still in early stages of its long-term growth journey. Levi's guidance assumes US tariffs on Chinese imports remain at 30% and on other imports at 20%. Shares rose 1% following the report.
Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
Levi Strauss & Co reported second-quarter results that exceeded Wall Street expectations, with adjusted earnings of $0.28 per share versus the expected $0.24, and revenue rising 8% year-over-year to $1.56 billion, above the consensus estimate of $1.52 billion. The company's direct-to-consumer revenue grew 11%, with e-commerce up 19%, and DTC now representing 51% of total net revenue. By region, the Americas saw 9% growth, Europe 4%, and Asia 10%. Following strong first-half performance, Levi Strauss raised its fiscal 2026 outlook, now expecting reported net revenue growth of 7% to 7.5% (up from 5.5%-6.5%) and adjusted diluted EPS of $1.46 to $1.52 (up from $1.42-$1.48). The company also increased its quarterly dividend. The guidance assumes US tariffs on Chinese imports remain at 30% and on other imports at 20%. Shares rose 1% following the report.
Levi Strauss Q2 2026 Earnings Beat Estimates, Stock Falls After Hours
Levi Strauss & Co. reported second-quarter fiscal 2026 results that exceeded analyst expectations, with adjusted earnings of 28 cents per share versus the 24-cent consensus and revenue of $1.56 billion, up 8% year-over-year. Despite the beat and an upward revision to full-year guidance, shares fell over 5% in after-hours trading, as some investors had anticipated a more substantial guidance increase. Regional sales grew across the Americas (9%), Europe (4%), and Asia (10%), while the direct-to-consumer channel now represents 51% of total revenue. The company raised its full-year revenue growth target to 7-7.5% and adjusted earnings forecast to $1.46-$1.52 per share. Management attributed performance to volume gains rather than price increases and noted tariff assumptions of 30% on Chinese imports and 20% on rest-of-world imports. A quarterly dividend of 16 cents per share, a 14% increase, was also announced.
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Levi Strauss & Co raises outlook as Q2 results surpass forecasts
Levi Strauss & Co reported strong Q2 results for the quarter ending May 31, 2026, with net revenues of $1.6 billion, an 8% year-on-year increase. The company raised its full-year revenue growth guidance to 7%-7.5% from the previous 5.5%-6.5%, and organic growth guidance to 5.5%-6.0%. Adjusted diluted EPS is now expected between $1.46 and $1.52, with an adjusted EBIT margin of 12%. Direct-to-consumer (DTC) revenues grew 11%, now representing 51% of total revenues, while e-commerce surged 19%. Regional performance was broad-based, with the Americas up 9%, Europe up 4%, and Asia up 10%. Gross margin improved to 62.7% despite tariff and currency headwinds. CEO Michelle Gass attributed the results to successful DTC-first strategy execution and noted the company is in early stages of long-term growth.
Investors Punish Levi Strauss Despite Upbeat Earnings and Raised Guidance
Levi Strauss & Co. reported second-quarter earnings that beat Wall Street forecasts, with revenue rising 8% to $1.6 billion and profit increasing 30% to $87 million. The company raised its full-year sales growth forecast to 7.0-7.5% and hiked its quarterly dividend by 14% to 16 cents per share. Despite these positive results, shares fell 5% in after-hours trading because the midpoint of the company's new earnings guidance ($1.49 per share) narrowly missed the analyst consensus of $1.51. Under CEO Michelle Gass, Levi's has been pivoting to a higher-margin direct-to-consumer model, which grew 11% year-over-year in the quarter. The market reaction highlights how investors can penalize companies even for small misses against elevated expectations.
Levi Strauss Tops Q2 Earnings Estimates and Raises Full-Year Outlook
Levi Strauss & Co. reported better-than-expected second-quarter earnings for the period ending May 31, 2026, with net income from continuing operations rising 18.8% to $95 million and revenues increasing 8% to $1.6 billion. Adjusted earnings per share of 28 cents beat analyst estimates of 24 cents. The company raised its full-year outlook, citing strong brand momentum and successful execution of its strategy to expand beyond men's bottoms into a head-to-toe fashion brand. Organic sales grew 6%, with the Americas up 7%, Asia up 12%, and Europe down 1% due to a distribution center change. The Beyond Yoga business grew 16%. CEO Michelle Gass highlighted the company's direct-to-consumer channel now representing 51% of sales and noted strong consumer response to new product innovations. Despite the positive results, Levi's stock fell 5.6% in after-hours trading amid a tough day for fashion stocks.
Levi Strauss beats quarterly expectations, raises guidance and dividend
Levi Strauss & Co. reported fiscal second-quarter results that exceeded Wall Street expectations, with adjusted earnings per share of $0.28 versus $0.24 expected and revenue of $1.56 billion versus $1.52 billion expected. The denim maker raised its full-year adjusted EPS guidance to a range of $1.46-$1.52 (up from $1.42-$1.48) and increased its revenue growth outlook to 7%-7.5% (up from 5.5%-6.5%). CEO Michelle Gass attributed the strong performance to resilient consumer demand across core Levi's, Signature, and premium Blue Tab segments, noting that about two-thirds of sales growth came from unit sales rather than price increases. The company also raised its dividend, reflecting confidence in sustained demand despite higher gas prices.