Levi Strauss & Co. reported second quarter 2026 net revenues of $1.56 billion, an increase of 8% year-over-year on a reported basis, with adjusted diluted EPS growing 27% to $0.28. Citing strong first-half results, the company raised its full-year 2026 outlook for both revenue and EPS.

Key Highlights

  • Direct-to-Consumer (DTC) net revenues grew 11% on a reported basis, now comprising 51% of total quarterly revenue.
  • Adjusted EBIT margin expanded by 70 basis points to 9.0%, up from 8.3% in the prior-year period, driven by gross margin expansion and SG&A leverage.
  • The company raised its full-year 2026 guidance, now expecting reported net revenue growth of 7.0% to 7.5% and adjusted diluted EPS between $1.46 and $1.52.
  • Growth was broad-based across geographies, with the Americas up 9%, Asia up 10%, and Europe up 4% on a reported basis.