Levi Strauss & Co. guided full-year adjusted diluted earnings per share to a range of $1.54 to $1.56, including a $0.04 net tariff refund benefit, and said it expects fourth-quarter organic net revenue growth of approximately 4%. On the company's Q3 fiscal 2026 earnings call, Chief Financial and Growth Officer Harmit Singh said full-year reported net revenue growth is now expected at approximately 7%, down from a previous outlook of 7% to 7.5%, while organic net revenue growth should be a little stronger at approximately 6%. The company recorded approximately $80 million of tariff refunds in the third quarter and is redeploying roughly three-quarters of that benefit back into the business across Q3 and Q4, split about one-third to marketing, one-third to distribution and logistics, and one-third to promotional activities. Chief Executive Officer Michelle Gass said direct-to-consumer performance fell short of expectations in the quarter, with global DTC up 2% and comparable sales flat, and announced that John Vandemore has been named the company's next chief financial officer. Third-quarter gross margin expanded 450 basis points to 66.2%, adjusted EBIT margin was 15.5%, and adjusted diluted EPS was $0.48, including an $0.11 benefit from tariff refunds net of redeployment; the company returned $62 million to shareholders through dividends and intends to repurchase an additional $100 million of shares through an accelerated share repurchase program.
Levi Strauss & Co Class AFY2026 EPS guidance of $1.54-$1.56 and Q3 adjusted EPS of $0.48 including tariff refund benefit, but reported revenue growth outlook trimmed to ~7% from 7-7.5%.
