{"id":874459,"date":"2026-10-07T22:58:09","date_gmt":"2026-10-07T22:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/874459\/"},"modified":"2026-10-07T22:58:09","modified_gmt":"2026-10-07T22:58:09","slug":"levi-strauss-levi-q3-2026-earnings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/874459\/","title":{"rendered":"Levi Strauss (LEVI) Q3 2026 earnings"},"content":{"rendered":"

Levi Strauss<\/a> on Wednesday increased its profit outlook after it received tariff refunds, but gave less rosy revenue guidance.<\/p>\n

The denim retailer raised its adjusted earnings per share expectation for the full fiscal year to between $1.54 and $1.56, from a previous range of $1.46 to $1.52. Analysts were expecting a range of between $1.52 and $1.59, according to LSEG.<\/p>\n

The company also lowered its net revenue growth guidance for the full year to 7%, the bottom of its previously provided range of a 7% to 7.5% increase.<\/p>\n

Shares of Levi were roughly flat in extended trading after initially rising. <\/p>\n

For its fiscal third quarter, the denim retailer said it saw a 4% increase in net revenues in the Americas, though revenue in the U.S. decreased 1%. It also reported an operating margin of 13.8% for the quarter, compared to 10.8% in the same quarter last year, boosted by tariff refunds that contributed 4.9% to operating margin and gross margin.<\/p>\n

Levi also said its tariff refunds contributed a 16-cent benefit to its earnings per share, of which 5 cents were “redeployed to support the business.” On a call with analysts, CEO Michelle Gass said that money is going toward marketing and promotions during the holiday season.<\/p>\n

Here’s how Levi performed in its third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:<\/p>\n

Earnings per share: 48 cents adjusted, it was unclear how that figure compared to the 36 cents Wall Street expectedRevenue: $1.61 billion vs. $1.62 billion expected<\/p>\n

For the three-month period ending Aug. 30, Levi reported net income of $168.6 million, or 43 cents per share, down from $218.1 million, or 55 cents per share, the year prior. <\/p>\n

Sales rose roughly 4% to $1.61 billion from $1.54 billion last year.<\/p>\n

Levi said direct-to-consumer net revenues increased 2% in the quarter, but comparable sales were roughly flat. DTC comprised 45% of total net revenue in the third quarter, the company said. On the other hand, wholesale revenues increased 6% for the quarter.<\/p>\n

“While we delivered strong results across much of the business, our DTC performance fell short of our expectations during the quarter,” Gass said on the call with analysts. “We have a clear understanding of what worked and what did not, and we have already taken targeted actions to improve performance.”<\/p>\n

The company previously said<\/a> it’s been seeing broad-based growth across its business segments, including its core Levi’s and its premium blue tab.<\/p>\n

Last month, the company announced<\/a> John Vandemore will take over as chief financial officer effective Nov. 1, succeeding Harmit Singh, who announced<\/a> his retirement in April.<\/p>\n","protected":false},"excerpt":{"rendered":"Levi Strauss on Wednesday increased its profit outlook after it received tariff refunds, but gave less rosy revenue…\n","protected":false},"author":2,"featured_media":874460,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[43820,448,28,122,11588,8084,2201,2218,5682,21],"class_list":["post-874459","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apparel-retail","tag-breaking-news-business","tag-business","tag-business-news","tag-dividends","tag-earnings","tag-levi-strauss-co","tag-michelle-gass","tag-retail-industry","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/874459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=874459"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/874459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/874460"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=874459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=874459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=874459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}