Levi Strauss & Co. Earnings Recaps
Q2 2026
Jul 10, 2026
Shares declined 3.3% following earnings, reflecting investor disappointment with a cautious outlook despite steady top-line growth and margin expansion.
Key takeaways
- Organic net revenues rose 6%, with Asia up 12% and the U.S. up 6%.
- Direct-to-consumer revenue increased 8%, marking the 17th consecutive quarter of comparable sales growth.
- Global wholesale grew 3%, driven by strength in U.S. wholesale channels.
- Margin expansion and earnings growth were reported, supported by brand strength and marketing initiatives.
- Despite raising full-year sales and EPS guidance, the cautious outlook tempered investor enthusiasm, leading to the stock decline.
Q1 2026
Apr 8, 2026
Levi Strauss & Co. achieved a robust start to FY2026, surpassing expectations with 9% organic revenue growth driven by strong DTC momentum and brand engagement worldwide.
Key takeaways
- Organic net revenue increased 9% quarter-over-quarter, with 14% reported growth, led by double-digit gains in Europe and Asia and 7% in the Americas.
- DTC channel grew 10%, with 7% same-store sales, highlighting accelerating demand and strategic focus on direct consumer engagement.
- Brand momentum was reinforced through culturally resonant campaigns, high-profile collaborations, and celebrity endorsements, notably during the Super Bowl and Harry Styles' album cover.
- Product innovation across bottoms and tops—featuring new fits, fabrics, and climate-adaptive styles—supported a 7% rise in bottoms and continued expansion into non-denim categories.
- Margin performance exceeded expectations, with double-digit earnings growth underpinning increased full-year guidance, reflecting disciplined execution and strategic agility.