A view of the Levi Strauss Company headquarters on July 8, 2026 in San Francisco, California.
Heather Deal | Getty Images
Levi Strauss Sales and bottom line profits on Wednesday beat Wall Street’s quarterly estimates, and the retailer raised its earnings forecast and dividend.
The denim maker now expects full-year adjusted earnings per share of $1.46 to $1.52, up from its previous range of $1.42 to $1.48. According to LSEG, the peak price beat expectations of $1.50 per share.
Levi’s also raised its sales outlook, expecting full-year sales to increase 7% to 7.5%, compared with the previous range of 5.5% to 6.5%. This is higher than the expected 6.6%, according to LSEG. Finance chief Harmit Singh said he expects about half of the growth to come from price increases and the other half from unit sales.
Here’s a look at Levi’s second-quarter results compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: 28 cents adjusted, 24 cents expected; Revenue: $1.56 billion, $1.52 billion expected.
Despite this result, Levi’s stock fell more than 5% in after-hours trading.
The company reported net income of $87.3 million, or 22 cents per share, for the three months ended May 31, compared with $67 million, or 17 cents per share, in the year-ago period.
Sales were $1.56 billion, an increase of approximately 8% from $1.45 billion in the same period last year.
CEO Michelle Gass said in an interview with CNBC that the company’s core consumers have proven resilient in the face of rising gas prices. He said about two-thirds of the sales growth in the quarter came from units as well as price increases, giving the company confidence to raise its earnings forecast and dividend.
“Our demand remains healthy,” Gass said. “We’re seeing strong performance across our key consumer segments, so our core Levi’s products are strong, but so are Signature and our new premium Blue Tabs.”
