Overview
- Levi reported second-quarter results that topped expectations and raised full-year guidance, with net revenue around $1.56 billion and adjusted EPS of $0.28 reported on Wednesday.
- Management lifted fiscal 2026 revenue growth to 7.0%–7.5% and raised adjusted EPS guidance to $1.46–$1.52 while increasing the quarterly dividend to $0.16 per share.
- About two-thirds of the quarter's sales growth came from unit volume rather than price, driven by a direct-to-consumer business that now accounts for roughly 51% of revenue and by strong gains in women's products.
- Levi is reworking its supply chain with a completed European omnichannel remap, a global ERP rollout in progress, and a planned transfer of its Hebron, Kentucky distribution center to Maersk by early Q4 that will eliminate about 300 jobs.
- The company has begun filing claims for an estimated $80 million in tariff refunds but has not recognized that amount in results or guidance, and CFO Harmit Singh is set to retire later this year.