Levi Strauss (LEVI) earnings Q1 2026
CNBC • • business
Key Points:
- Levi Strauss exceeded Wall Street expectations in its first fiscal quarter with adjusted earnings per share of 42 cents versus the anticipated 37 cents, and revenue of $1.74 billion compared to the expected $1.65 billion.
- The company reported net income of $175.8 million, or 45 cents per share, up from $135 million, or 34 cents per share, a year earlier, alongside a 14% increase in sales to $1.74 billion.
- Levi Strauss raised its full-year adjusted earnings per share guidance to a range of $1.42 to $1.48, slightly above the prior expectation of $1.47, and expects sales growth between 5.5% and 6.5%, surpassing estimates of 5.6%.
- Growth was driven equally by increased unit sales and higher prices, with additional benefits from favorable foreign exchange rates.
- The company may further raise guidance if the U.S. tariff on imports remains at 10% instead of the assumed 20%, potentially boosting full-year earnings by $35 million or 7 cents per share.
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