| Metric | Value ($ M) | Q2 FY25 |
|---|---|---|
| Revenue | 1.7K | 14.1% |
| Total Income | 1.7K | 14.1% |
| Expenditure | 1.5K | 15.6% |
| PBT | 228.20 | 29.2% |
| Net Profit | 175.80 | 30.2% |
| OPM | 11.40% | 1.15pp |
| NPM | 10.09% | 1.25pp |
| EPS | 0.45 | 32.4% |
Levi Strauss & Co. Reports Q2 2026 Results: Net Revenues Up 8%, EPS Up 20%
09 Jul 2026 · 9 Jul, 1:47 am
Summary
Levi Strauss & Co. announced strong second-quarter results, with net revenues increasing 8% year-over-year to $1.6 billion, driven by broad-based growth across markets and channels. Profitability improved significantly, with operating margin rising to 7.8% and adjusted EBIT margin reaching 9.0%, reflecting gross margin expansion and SG&A leverage. Diluted EPS from continuing operations grew 20% to $0.24. The company raised its full-year 2026 guidance for net revenues and EPS, signaling confidence in its strategic direction and business momentum.
Key Highlights
- 1
Levi Strauss & Co. reported second-quarter net revenues of $1.6 billion, an increase of 8% on a reported basis and 6% on an organic basis versus Q2 2025.
- 2
The company achieved an operating margin of 7.8% in Q2 2026, an improvement from 7.5% in Q2 2025, with adjusted EBIT margin at 9.0%, up 70 basis points year-over-year.
- 3
Diluted earnings per share from continuing operations were $0.24, a 20% increase compared to $0.20 in Q2 2025, with adjusted diluted earnings per share at $0.28, up 27% year-over-year.
- 4
Beyond Yoga® brand net revenues increased by 16% on both a reported and organic basis.
- 5
Direct-to-Consumer (DTC) net revenues grew 11% on a reported basis and 8% on an organic basis, now comprising 51% of total net revenues.
- 6
The company raised its full-year 2026 outlook for both net revenues and adjusted diluted EPS.
- 7
Levi Strauss & Co. increased its quarterly dividend by 14% to $0.16 per share.
Management Comments
Michelle Gass
The Levi’s® brand is connecting with consumers around the world in more powerful ways than ever before, and our Q2 results are another proof point that our strategies are working and our team is executing. Our evolution into a DTC-first, denim lifestyle company—with a much larger addressable market—is translating to faster growth and higher profitability. While we are pleased with the progress, we are still in the early stages of our long-term growth journey, with more ways to win than ever before.
Harmit Singh
We delivered another strong quarter driven by broad-based growth across markets, channels and categories. That growth translated into higher profitability through gross margin expansion and disciplined SG&A leverage, demonstrating the strength and scalability of our operating model. Given our strong first-half results, we are passing through our full Q2 beat and raising our full-year guidance. We are also increasing our dividend, reflecting confidence in the strength of our business, our cash flow generation and our ability to create long-term shareholder value.
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