Levi Strauss & Co. reported third-quarter net revenues of $1.6 billion, up 4% on a reported basis and 5% on an organic basis versus the prior year, and raised its full-year 2026 margin and earnings outlook. Operating margin was 13.8% and adjusted EBIT margin was 15.5%, while diluted earnings per share from continuing operations came in at $0.43 and adjusted diluted EPS at $0.48. The company said it will initiate a $100 million accelerated share repurchase program and declared a dividend of $0.16 per share, a 14% increase over the prior year. For fiscal 2026, Levi Strauss now expects reported net revenue growth of approximately 7.0%, organic net revenue growth of approximately 6.0%, gross margin up 130 basis points, adjusted EBIT margin expanding to approximately 12.1%, and adjusted diluted EPS of $1.54 to $1.56. The quarter's results included a tariff refund benefit that contributed 490 basis points of gross margin expansion, of which approximately 120 basis points were redeployed back into the business.
Levi Strauss & Co Class AQ3 revenue rose 4% to $1.6B, EPS beat with $0.43 diluted/$0.48 adjusted, full-year 2026 outlook raised, plus $100M accelerated buyback and 14% dividend hike.
