Levi Strauss beats Q1 earnings estimates, raises 2026 outlook on strong global sales growth

Levi Strauss & Co reported first-quarter earnings per share of $0.42, surpassing analyst expectations of $0.37, with revenue of $1.74 billion beating forecasts. The company raised its full-year 2026 guidance, projecting EPS between $1.42 and $1.48, organic revenue growth of 4.5% to 5.5%, and an adjusted EBIT margin around 12%. Strong sales growth was seen across all regions, with the Americas up 9%, Europe 24%, and Asia 13%, alongside a 16% increase in direct-to-consumer sales, which now make up over half of total revenue. Levi Strauss' positive results and raised guidance reflect confidence in its ongoing business turnaround, leading to a 6.5% jump in shares after hours.