Levi Strauss & Co: Mixed — EPS $0.48, Revenue $1.61B
Mixed ResultQ3 2026 · After-market
@trystockwhiz
Did Levi Strauss & Co (LEVI) beat earnings today?
It was a mixed report for Q3 2026 — Levi Strauss & Co (LEVI) beat on EPS but missed on revenue.
Earnings Per Share+33.33% surprise
$0.48Actual
Expected: $0.36
vs. year ago +41.2%
Total Revenue-0.64% surprise
$1.61BActual
Expected: $1.62B
vs. year ago +4.3%
Released Oct 07 · 4:10 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net revenues | $1.61B | $1.54B | +4.0% |
| └─Americas | $839.00M | $806.00M | +4.0% |
| └─Europe | $442.00M | $426.00M | +4.0% |
| └─Asia | $293.00M | $278.00M | +5.0% |
| └─Beyond Yoga® | $36.00M | $33.00M | +9.0% |
| Net income from continuing operations | $168.60M | $122.00M | +38.2% |
| Net income | $168.60M | $218.10M | -22.7% |
| Continuing operations - Basic | $0.44 | $0.31 | +41.9% |
| Continuing operations - Diluted | $0.43 | $0.31 | +38.7% |
| Adjusted diluted earnings per share | $0.48 | $0.34 | +41.2% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Reported net revenues growth | — | ~7.0% (prev. 7.0%-7.5%) |
| Organic net revenues growth | — | ~6.0% (prev. 5.5%-6.0%) |
| Gross margin | — | up 130 bps (prev. up 10 bps) |
| Adjusted EBIT margin | — | ~12.1%, up 70 bps (prev. 12%, up 60 bps) |
| Adjusted diluted EPS | — | $1.54-$1.56 (~$0.04 higher-tax-rate headwind; prev. $1.46-$1.52, ~$0.04 higher-tax-rate headwind) |
Business Highlights
- ➤Saw strong growth in international and wholesale businesses.
- ➤Continued momentum across lifestyle categories.
- ➤Moved quickly to address the DTC shortfall ahead of the holiday season.
- ➤Entered the holiday season encouraged by strengthening trends, including in the U.S..
- ➤Settled the first-quarter $200M ASR and retired approximately 9.4M shares in total.
- ➤Intends to initiate a $100M accelerated share repurchase program.
- ➤Declared a $0.16-per-share dividend payable November 4, 2026.
- ➤Maintained $240M of remaining share-repurchase authorization with no expiration date.
Management Commentary
Michelle Gass, President and CEO of Levi Strauss & Co.
“Our third-quarter performance highlighted the power of our diversified portfolio and reinforced our confidence that we have the right strategies in place. We saw strong growth in our international and wholesale businesses, and continued momentum across our lifestyle categories. While our direct-to-consumer business fell short of our internal expectations, we moved quickly to address the shortfall and are encouraged by the strength we are seeing heading into the holiday season, including in the U.S. Based on the acceleration in recent trends, our DTC business is on track to deliver mid-single-digit growth in the fourth quarter.”
Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co.
“We delivered another quarter of mid-single-digit revenue growth while navigating a dynamic operating environment. We made the decision to redeploy a majority of our tariff refund benefit back into the business during Q3 and Q4 to support future growth. Reflecting confidence in our outlook, we are raising our full-year profit guidance and plan to initiate a $100 million accelerated share repurchase program.”