Jeans giant Levi Strauss reported after the close on the 7th its third quarter results for the fiscal year ending November 2026, covering June to August 2026. Revenue rose 4 percent year on year to 1.61 billion dollars, net profit climbed 39 percent to 169 million dollars, and adjusted diluted earnings per share rose 41 percent to 0.48 dollars, though revenue fell short of market expectations. By region, the key Americas business grew 4 percent to 839 million dollars, but the United States alone was sluggish with a 1 percent decline, while Europe rose 4 percent to 442 million dollars and Asia gained 5 percent to 293 million dollars. By sales channel, the direct-to-consumer DTC segment grew just 2 percent, its slowest pace in about four years, while e-commerce rose 10 percent. For the full-year outlook, the company revised its revenue growth forecast to 7.0 percent from its previous estimate of 7.0 to 7.5 percent, while raising its earnings per share guidance to 1.54 to 1.56 dollars from the previous 1.46 to 1.52 dollars. The stock fell 4.97 percent in intraday trading on the 7th to 19.51 dollars, its first decline in three trading days, and in after-hours trading following the earnings release it dropped more than 2 percent from the intraday closing price at one point.
Levi Strauss & Co Class AQ3 revenue of $1.61B missed market expectations and full-year revenue growth guidance was trimmed to 7.0%, sending shares down despite higher EPS guidance.
