earnings
confidence high
sentiment positive
materiality 0.75
Levi Strauss Q3 net revenues up 4% to $1.61B; adj EPS $0.48 vs $0.34; raises FY26 outlook
LEVI STRAUSS & CO
2026-Q3 EPS
reported $1.10
vs consensus $0.36
▲ beat
(+201.5%)
- Net revenues $1.61B, up 4% reported / 5% organic; diluted EPS from continuing operations $0.43 vs $0.31; adjusted diluted EPS $0.48 vs $0.34.
- Gross margin expanded 450 bps to 66.2%; operating margin 13.8% vs 10.8%; adjusted EBIT margin 15.5% vs 11.8%, aided by IEEPA tariff refunds.
- Tariff refunds added 490 bps to margin and $0.16 to EPS; Levi redeployed $25M (~160 bps) into promotion and marketing, netting 330 bps and $0.11.
- Asia organic revenues +10%, Europe +5%, Americas +2%; U.S. reported revenues fell 1%; wholesale +6%; DTC +2%; e-commerce +10%; Beyond Yoga +9%.
- Raises full-year 2026 margin and EPS guidance and plans a $100 million accelerated share repurchase program.