Levi Strauss & Co. (LEVI) reported first-quarter fiscal 2026 earnings on March 1, 2026, revealing an adjusted earnings per share (EPS) of 42 cents, surpassing the Zacks Consensus Estimate of 37 cents and increasing by 10.5% year over year. Net revenues reached $1.74 billion, also exceeding expectations of $1.65 billion, marking a 14% year-over-year growth.
Direct-to-Consumer (DTC) revenues grew to $911.5 million, reflecting a 16% increase, while wholesale revenues rose 12% to $831 million. The company’s profits allowed for nearly $214 million in returns to shareholders, including a new $200 million accelerated share repurchase program. Levi Strauss has adjusted its fiscal 2026 net revenue growth forecast to 5.5-6.5% from a prior 5-6%, with an adjusted EPS expectations raised to $1.42-$1.48.
