Levi's expected to modestly beat Q1 earnings with cautious full-year outlook amid geopolitical risks

Levi Strauss & Co is forecasted to report a slight earnings and sales beat for Q1 2026, but UBS analysts expect limited market reaction due to ongoing geopolitical tensions and rising oil prices. The company is likely to maintain its fiscal 2026 EPS guidance of $1.40 to $1.46 per share, with Q2 EPS guidance anticipated between $0.22 and $0.24. Positive trends include growth in US direct-to-consumer sales and increased website traffic, while investor sentiment remains cautious due to cost pressures and operational transitions. Levi's fiscal Q1 earnings report is scheduled for April 7, with UBS maintaining a Buy rating and a $33 price target based on strong brand fundamentals and controlled promotions.