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Get filing alertsLevi Strauss beats Q2, raises FY guidance, and increases dividend 14%
Filed July 8, 2026 · Period ending July 8, 2026 · ~1 min read
Key Changes
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Q2 net revenues rose 8% to $1.6B (6% organic); adjusted EPS up 27% to $0.28 vs. $0.22 prior year, with operating margin expanding 35 bps to 7.8%.
Exhibit 99.1 view on EDGAR → -
high
Raised FY 2026 guidance: reported revenue growth to 7.0%-7.5% (from 5.5%-6.5%), adjusted EPS to $1.46-$1.52 (from $1.42-$1.48), and gross margin to up 10 bps (from flat to slightly up).
Exhibit 99.1 view on EDGAR → -
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Increased quarterly dividend 14% to $0.16 per share (~$62M total), payable August 5 to shareholders of record July 22.
Exhibit 99.1 view on EDGAR → -
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Recorded a $33.0M gain on legal settlement in the six-month period ended May 31, 2026; details of the settlement not disclosed.
Exhibit 99.1 view on EDGAR → -
medium
Exhibit 99.1 view on EDGAR →
Summary
Levi Strauss delivered a strong second quarter with broad-based growth across markets, channels, and categories. Net revenues of $1.6 billion grew 8% on a reported basis and 6% organically, while adjusted diluted EPS jumped 27% to $0.28. Operating margin expanded 35 basis points to 7.8%, and adjusted EBIT margin improved 70 basis points to 9.0%.
Direct-to-consumer revenues rose 11% and now represent 51% of total revenues, reflecting the company's ongoing channel mix shift. Management raised full-year 2026 guidance across the board, passing through the Q2 beat and citing confidence in the business momentum.
The company also increased its quarterly dividend by 14% to $0.16 per share and continues to execute on its $200 million accelerated share repurchase program launched in Q1, which is expected to settle in Q3. A $33 million legal settlement gain was recorded during the first half, though details were not disclosed. The combination of strong operational performance, raised guidance, and increased capital returns signals management's confidence in sustained growth and cash generation.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Levi Strauss announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On July 8, 2026, Levi Strauss & Co. (the "Company") issued a press release announcing its second quarter 2026 financial results.
The company disclosed its second quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures or performance metrics—those details are in the attached press release exhibit. This filing serves as the formal notification that results have been announced.
Event · Exhibit 99.1
Levi Strauss reported Q2 2026 net revenues up 8% to $1.6B, raised full-year guidance, and increased its quarterly dividend 14%.
Added in current filing · view on EDGAR →
Net Revenues of $1.6 billion increased 8% on a reported basis and 6% on an organic basis versus Q2 2025. ... Operating margin was 7.8% in Q2 2026 compared to 7.5% in Q2 2025. Adjusted EBIT margin was 9.0% in Q2 2026 compared to 8.3% in Q2 2025. ... Diluted earnings per share from continuing operations was $0.24 compared to $0.20 in Q2 2025. Adjusted diluted earnings per share was $0.28 compared to $0.22 in Q2 2025.
Levi Strauss delivered strong Q2 2026 results with net revenues of $1.6 billion, up 8% reported and 6% organically. Operating margin expanded 35 basis points to 7.8%, while adjusted EBIT margin improved 70 basis points to 9.0%. Diluted EPS from continuing operations rose 20% to $0.24, and adjusted diluted EPS increased 27% to $0.28. Growth was broad-based across markets, channels, and categories, with DTC revenues up 11% and comprising 51% of total revenues.
Added in current filing · view on EDGAR →
Reported net revenues growth Raised to 7.0% to 7.5%
5.5% to 6.5%
Organic net revenues growth Raised to 5.5% to 6.0%
4.5% to 5.5%
Gross margin Raised to up 10 basis points to prior year
Flat to slightly up to prior year
Adjusted EBIT margin Expanding to 12%, up 60 basis points to prior year
Expanding to approximately 12% ... Adjusted diluted EPS Raised to $1.46 to $1.52
This includes an approximate $0.04 headwind from a higher tax rate
$1.42 to $1.48
This includes an approximate $0.04 headwind from a higher tax rate
The company raised its full-year 2026 guidance across multiple metrics. Reported net revenue growth guidance increased to 7.0%-7.5% from 5.5%-6.5%, and organic net revenue growth to 5.5%-6.0% from 4.5%-5.5%. Gross margin guidance improved to up 10 basis points versus flat to slightly up previously. Adjusted diluted EPS guidance rose to $1.46-$1.52 from $1.42-$1.48, despite a $0.04 headwind from higher tax rates. Management stated they are passing through the full Q2 beat and raising guidance based on strong first-half results.
Added in current filing · view on EDGAR →
Gain on legal settlement — — (33.0) — (33.0) —
The company recorded a $33.0 million gain on legal settlement during the six-month period ended May 31, 2026. This gain was excluded from adjusted net income and adjusted diluted EPS calculations. The filing does not provide additional details about the nature of the settlement.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 13, 2026 · How we verify