Levi Strauss (LEVI) Q2 2026 earnings

Levi Strauss It beat Wall Street’s quarterly expectations on both the top and bottom lines on Wednesday, prompting the retailer to raise its guidance and increase its dividend.

The denim maker now expects full-year adjusted earnings per share to be between $1.46 and $1.52, down from the previous range of $1.42 to $1.48. That’s above expectations of $1.50 per share at the high end, according to LSEG.

Levi also raised its profitability outlook and expects full-year sales to rise between 7% and 7.5%, compared to its previous range of 5.5% to 6.5%. According to LSEG, this rate is above expectations of 6.6%. Finance chief Harmit Singh said about half of this growth is expected to come from higher prices and the other half from unit sales.

Here’s how Levi performed in the second fiscal quarter compared to Wall Street expectations, according to a survey of analysts by LSEG:

• Earnings per share: 28 cents adjusted, 24 cents expected
• Revenues: 1.56 billion dollars, while the expectation was 1.52 billion dollars

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

The company’s reported net income for the three months ended May 31 was $87.3 million, or 22 cents per share, compared to $67 million, or 17 cents per share, a year earlier.

Sales rose nearly 8% to $1.56 billion from $1.45 billion a year earlier.

In an interview with CNBC, CEO Michelle Gass said the company’s core consumer has proven resilient despite high gas prices. He said about two-thirds of the quarter’s sales growth came from units, not just higher prices, giving the company confidence to increase guidance and the dividend.

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