Levi Strauss Exceeds Q2 Expectations, Boosts Annual Guidance and Dividend

A view of Levi Strauss & Co. headquarters on July 8, 2026 in San Francisco, California.

Heather Diehl | Getty Images

Levi Strauss beat Wall Street’s quarterly expectations on both revenue and earnings, prompting an increase in its annual guidance and dividend. The denim maker now projects full-year adjusted earnings per share between $1.46 and $1.52, up from the previous forecast of $1.42 to $1.48. At the upper end, this exceeds analyst expectations of $1.50 per share, according to LSEG. The company also raised its revenue outlook, anticipating a 7% to 7.5% full-year sales growth, compared to the prior estimate of 5.5% to 6.5%, surpassing expectations of 6.6%. CFO Harmit Singh noted that half of the projected growth stems from price increases and the other half from unit sales.

In its second fiscal quarter, Levi Strauss reported adjusted earnings of 28 cents per share versus the 24 cents expected by analysts, with revenue reaching $1.56 billion against the anticipated $1.52 billion. Despite the positive results, the company’s shares declined over 5% in extended trading. The net income for the three-month period ending May 31 stood at $87.3 million, or 22 cents per share, compared to $67 million, or 17 cents per share, a year prior, with sales rising 8% to $1.56 billion from $1.45 billion. CEO Michelle Gass emphasized that the core consumer base remains resilient, even amid rising gas prices, and that two-thirds of the sales growth was driven by increased unit sales. “Our demand remains healthy,” Gass stated, highlighting growth across key segments including core Levi’s, signature lines, and the new premium blue tab collection.

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