Levi Strauss & Co Raises 2026 Outlook After Strong Q2

Levi Strauss & Co reported second quarter results for the period ending May 31 that exceeded Wall Street estimates for both revenue and earnings. The company posted revenue of $1.56 billion, marking an 8% year-over-year increase, and adjusted earnings of $0.28 per diluted share.

Growth was driven by an 11% rise in direct-to-consumer revenue along with gains across Asia, Europe, and the Americas. CEO Michelle Gass attributed the performance to the expansion of the company's lifestyle offerings and direct-to-consumer business. Gass stated, "While we are pleased with the progress, we are still in the early stages of our long-term growth journey, with more ways to win than ever before."

Following these results, the company raised its fiscal 2026 outlook, forecasting reported net revenue growth between 7.0% and 7.5%. It also increased its adjusted diluted earnings per share forecast to a range of $1.46 to $1.52 and raised its quarterly dividend.