Levi Strauss & Co. Reports First-Quarter Results

Levi Strauss & Co. announced strong financial results for the first quarter of 2026, exceeding guidance for sales, margins, and EPS. Net revenues increased by 14% to $1.7 billion, with organic net revenues up 9%. The company saw growth across all regions and channels, with Direct-to-Consumer (DTC) net revenues rising 16% and wholesale net revenues increasing by 12%. Diluted earnings per share from continuing operations were $0.45, and adjusted diluted EPS were $0.42. The company is raising its full-year 2026 outlook for net revenue growth, gross margin, and adjusted diluted EPS. Harmit Singh, Chief Financial and Growth Officer, announced his retirement after a planned transition. Levi Strauss & Co. also returned $214 million to shareholders in the first quarter through dividends and share repurchases.