Levi Strauss Sales Rise 4%, Raises Profit Outlook

Levi Strauss reported third-quarter revenue of $1.61 billion on October 7, 2026, up about 4% year over year, with net income of $168.6 million and adjusted diluted EPS of $0.48 that beat estimates by $0.12. Operating margin rose to 13.8%, helped by tariff refunds. U.S. revenue declined 1% and direct-to-consumer comparable sales were roughly flat, while wholesale and international markets grew. CEO Michelle Gass commented on the diversified portfolio and strategic initiatives performing amid mixed results. The company raised fiscal 2026 adjusted EPS guidance to $1.54-$1.56 from $1.46-$1.52, set revenue growth guidance at 7% at the low end of its prior 7% to 7.5% range, announced a $100 million accelerated share repurchase, and raised its quarterly dividend by 14%. The stock was pressured in after-hours trading. Contested: CNBC framed a profit guidance hike after tariff refunds against a less optimistic sales outlook. Seeking Alpha led with a $0.12 EPS beat and a $10 million revenue miss. Outlets differ on whether the 7% revenue guide lowers the prior forecast or marks the low end of the earlier 7% to 7.5% range.