Levi Strauss & Co. (NYSE:LEVI – Get Free Report) released its quarterly earnings data on Wednesday. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04, FiscalAI reports. Levi Strauss & Co. had a return on equity of 25.95% and a net margin of 9.66%.The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Levi Strauss & Co. updated its FY 2026 guidance to 1.460-1.520 EPS.
Here are the key takeaways from Levi Strauss & Co.’s conference call:
- Levi Strauss said Q2 beat expectations on both revenue and earnings, with organic net revenue up 6% and adjusted EPS of $0.28, while management raised full-year sales and EPS guidance for the second consecutive quarter.
- Direct-to-consumer remained the main growth engine, with revenue up 8%, comparable sales up 6%, and e-commerce up 17% as the company continued to reduce promotions and improve conversion and average selling price.
- Growth was broad-based across women’s, international, and new assortment categories, including 11% growth in women’s, 12% growth in Asia, and strong momentum in products like tops, shorts, and premium Blue Tab.
- Management highlighted margin expansion and stronger cash generation, noting adjusted EBIT margin rose to 9% in Q2 and free cash flow increased nearly 60% year over year to $231 million.
- The company continues to execute major infrastructure and transformation projects, including its European omni-channel distribution redesign and global ERP rollout, while the U.S. distribution transition to Maersk is taking longer than planned.
Levi Strauss & Co. Trading Down 2.3%
Shares of NYSE LEVI opened at $23.81 on Friday. The business has a 50 day simple moving average of $23.08 and a 200 day simple moving average of $21.63. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.58. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.83 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58.
Levi Strauss & Co. Increases Dividend
Insider Activity
In other Levi Strauss & Co. news, EVP Harmit J. Singh sold 121,767 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $23.52, for a total value of $2,863,959.84. Following the completion of the sale, the executive vice president directly owned 148,757 shares in the company, valued at $3,498,764.64. The trade was a 45.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the completion of the transaction, the insider directly owned 145,662 shares in the company, valued at approximately $3,497,344.62. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,468,570 shares of company stock valued at $34,136,152. 1.08% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter worth approximately $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after acquiring an additional 1,879 shares during the period. Finally, Headlands Technologies LLC increased its holdings in Levi Strauss & Co. by 17,721.6% in the second quarter. Headlands Technologies LLC now owns 6,594 shares of the blue-jean maker’s stock valued at $122,000 after purchasing an additional 6,557 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on LEVI shares. Citigroup lifted their price objective on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. TD Cowen reiterated a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. Raymond James Financial lifted their target price on Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Telsey Advisory Group raised their price target on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.21.
View Our Latest Research Report on LEVI
Levi Strauss & Co. News Summary
Here are the key news stories impacting Levi Strauss & Co. this week:
- Positive Sentiment: Levi Strauss reported stronger-than-expected Q2 results, with EPS of $0.28 versus $0.24 expected and revenue of $1.56 billion versus $1.52 billion expected, showing continued demand for its denim and broader apparel offerings.
- Positive Sentiment: The company raised its full-year revenue and earnings outlook and lifted its quarterly dividend by 14.3%, signaling management confidence in cash generation and operating momentum.
- Positive Sentiment: Direct-to-consumer sales remained a bright spot, extending a multi-quarter growth streak and supporting the company’s shift toward a higher-margin DTC-first model.
- Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings on LEVI, with price targets above the current share price, which may help support investor sentiment. Article Title Article Title
- Neutral Sentiment: Management also highlighted efforts to grow women’s sales and broaden the product mix, including tops and “denim luxury,” which could aid longer-term growth but is not an immediate catalyst.
- Negative Sentiment: Despite the beat, the stock sold off because the guidance was viewed as conservative and investors remain concerned about tariff and currency headwinds.
About Levi Strauss & Co.
Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.
The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.
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