Levi Strauss (LEVI) Q2 2026 earnings

Levi Strauss The Wall Street stock beat quarterly expectations at the top and bottom on Wednesday, prompting the retailer to raise its guidance and earnings.

The denim maker now expects full-year adjusted earnings per share to be between $1.46 and $1.52, up from the previous range of $1.42 to $1.48. At the high end, this beats expectations of $1.50 per share, according to LSEG.

Levi’s also raised its top line revenue forecast and now expects full-year sales to rise between 7% and 7.5%, compared to a previous range of 5.5% to 6.5%. This beats expectations of 6.6%, according to LSEG. About half of this growth is expected to come from price increases, and the other half is expected to come from unit sales, said Harmeet Singh, chief financial officer.

Here’s what Levi’s did in its fiscal second quarter compared to what Wall Street expected, based on a survey of analysts conducted by LSEG:

• EPS: 28 cents were revised versus 24 cents expected
• profit: $1.56 billion versus $1.52 billion expected

Despite the results, Levi’s shares fell more than 5% in extended trading.

The company’s reported net income for the three-month period ending May 31 was $87.3 million, or 22 cents per share, compared to $67 million, or 17 cents per share, in the previous year.

Sales rose to $1.56 billion, up about 8% from $1.45 billion the previous year.

In an interview with CNBC, CEO Michelle Gass said the company’s core consumer has proven resilient — even in the face of rising gas prices. About two-thirds of the quarter’s sales growth came from units — not just higher prices — giving the company confidence to raise its guidance and earnings, she said.

“Our demand remains healthy,” Gass said. “We’re seeing strength across our key consumer segments, so we have our core product Levi’s, but we’re also seeing strength in signature, as well as the new premium blue tab.”