Levi Strauss Fiscal Q3 Adjusted Earnings, Revenue Rise; 2026 Guidance Revised
MT newswire2026/10/07 20:1604:16 PM EDT, 10/07/2026 (MT Newswires) -- Levi Strauss (LEVI) reported fiscal Q3 adjusted earnings late Wednesday of $0.48 per diluted share, up from $0.34 a year earlier. Analysts polled by FactSet expected $0.36. Revenue for the three months ended Aug. 30 was $1.61 billion, up from $1.54 billion a year earlier. Analysts expected $1.62 billion. The company now expects fiscal 2026 adjusted EPS of $1.54 to $1.56 on revenue growth of 7%. It earlier expected adjusted EPS of $1.46 to $1.52 on revenue growth of 7% to 7.5%. Analysts expect adjusted EPS of $1.54. The company maintained its quarterly dividend at $0.16 per share, payable Nov.4 to stockholders of record Oct. 21.
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BUZZ - Levi Strauss shares drop due to weak sales in the US and Europe
On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.
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