Levi Strauss Stock Rises On Strong Q1 Earnings Driven By Broad-Based Growth

by | Apr 7, 2026 | General

Levi Strauss & Co (NYSE:LEVI) reported financial results for the first quarter of 2026 after the market close on Tuesday. Here’s a rundown of the report.

Levi Strauss Q1 Earnings Highlights

Levi Strauss reported first-quarter revenue of $1.74 billion, beating analyst estimates of $1.65 billion. The company reported first-quarter adjusted earnings of 42 cents per share, beating estimates of 37 cents per share, according to Benzinga Pro.

Total revenue was up 14% on a year-over-year basis, rising 9% in the Americas, 24% in Europe and 13% in Asia. Direct-to-consumer revenue climbed 16% and wholesale revenue increased 12% year-over-year. 

Total inventories increased 4% on a dollar basis during the quarter. The company ended the period with $717 million in cash and cash equivalents.

“We delivered very strong financial performance in the first quarter driven by broad-based growth across channels, regions and categories,” said Michelle Gass, president and CEO of Levi Strauss. “Our evolution into a DTC-first denim lifestyle brand is allowing us to capture a much larger addressable market and deliver faster and more consistent growth.”

What’s Next For Levi Strauss?

Levi Strauss raised its full-year 2026 revenue guidance from a range of $6.60 billion to $6.66 billion to a new range of $6.63 billion to $6.69 billion versus estimates of $6.64 billion. The company also raised its full-year adjusted earnings guidance from a range of $1.40 to $1.46 per share to a new range of $1.42 to $1.48 per share versus estimates of $1.47 per share.

Levi also announced Tuesday that Harmit Singh, the executive vice president, chief growth officer and CFO, is set to retire. Singh will continue in his role until a successor is appointed. Singh will then serve as a special advisor to the company before entering retirement.

Management will further discuss the quarter on an earnings call at 5 p.m. ET.

LEVI Price Action: Levi Strauss shares were up 4.77% in after-hours on Tuesday, trading at $20.65 at the time of publication, according to Benzinga Pro.

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