Levi Strauss & Co. (LEVI) exceeded analyst expectations for the first quarter of fiscal 2026. Adjusted earnings per share reached 42 cents, surpassing the consensus estimate of 37 cents. Net revenues totaled $1.74 billion, beating the anticipated $1.65 billion. Direct-to-Consumer (DTC) segment revenues grew by 16% during the period.
The company raised its full-year fiscal 2026 adjusted earnings guidance to a range of $1.42 to $1.48 per share. This revision increases the previous guidance of $1.40 to $1.46. Management also boosted the net revenue growth forecast to between 5.5% and 6.5%. The company's stock rose significantly following the updated guidance.