Levi Strauss raises full-year 2026 revenue and earnings guidance after strong Q2
Levi Strauss & Co. reported second-quarter net revenues of $1.6 billion, up 8% reported and 6% organic versus Q2 2025, with operating margin of 7.8% and adjusted EBIT margin of 9.0%, up 35 basis points and 70 basis points respectively. Diluted earnings per share from continuing operations reached $0.24, up 20% year-over-year. On the strength of first-half results, the company raised full-year 2026 guidance, increasing reported net revenue growth guidance to 7.0% to 7.5% from 5.5% to 6.5%, organic net revenue growth to 5.5% to 6.0% from 4.5% to 5.5%, and adjusted diluted EPS to $1.46 to $1.52 from $1.42 to $1.48. The company also increased its quarterly dividend to $0.16 per share, a 14% increase over prior year.
Key facts
- Adjusted diluted EPS raised to $1.46 to $1.52 from $1.42 to $1.48
- Reported net revenue growth guidance raised to 7.0% to 7.5% from 5.5% to 6.5%
- Organic net revenue growth guidance raised to 5.5% to 6.0% from 4.5% to 5.5%
- Q2 2026 net revenues $1.6 billion, up 8% reported and 6% organic
- Q2 2026 adjusted EBIT margin 9.0%, up 70 basis points to prior year
- Q2 2026 operating margin 7.8%, up 35 basis points to prior year
- Q2 2026 diluted EPS from continuing operations $0.24, up 20% year-over-year
- Adjusted diluted EPS Q2 2026 $0.28, up 27% year-over-year
- Quarterly dividend increased to $0.16 per share, a 14% increase
- DTC net revenues increased 11% reported and 8% organic, comprising 51% of total net revenues
Why it matters
The guidance raise signals management confidence in demand recovery and operational execution; the company is accelerating its DTC-first transformation strategy and delivering margin expansion despite tariff headwinds, positioning it for faster growth and higher profitability in fiscal 2026.
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Derived from 8-K filed 2026-07-08. Not investment advice. View the source filing on SEC.gov →