Levi Strauss Surpasses Q2 Predictions, Enhances Outlook & Dividend
San Francisco, CA — July 9, 2026 — Renowned denim leader Levi Strauss & Co. (NYSE: LEVI) has once again outperformed quarterly expectations, exceeding Wall Street predictions on both revenue and profit margins. Additionally, the company has raised its full-year guidance for the second quarter in a row.
The company announced net revenues of $1.56 billion for its fiscal Q2 2026 (ended May 31), marking an increase of roughly 8% from $1.45 billion the previous year. This surpasses analyst estimates of $1.52 billion. The adjusted diluted EPS was reported at $0.28, outperforming the $0.24 consensus forecast.
Based on the strong results, Levi now anticipates full-year 2026 net revenue growth of 7% to 7.5%, a rise from its previous guidance range of 5.5% to 6.5%. Furthermore, the company has increased its quarterly dividend to $0.16 per share — a 14% increase from the previous year — payable on August 5, 2026.
CEO Michelle Gass attributes the company’s success to its direct-to-consumer (DTC) strategy and the expansion of product categories. “Our demand remains healthy,” Gass informed CNBC, highlighting that approximately two-thirds of the quarter’s sales growth resulted from actual unit volumes rather than price increases alone. DTC now comprises 51% of total company sales.
Despite the positive results, Levi shares fell by more than 5% in after-hours trading, indicating that some investors had anticipated even higher performance.
Source: CNBC — Levi Strauss beats quarterly expectations, raises guidance and dividend