Levi Strauss & Co. reported third-quarter net revenues of $1.61B, up 4.3%, and net income from continuing operations of $168.6M, up 38.2%, including a legal settlement gain of $33.0 million and an IEEPA tariff refund benefit of $78.6 million.

Filed October 7, 2026 · Period ending August 30, 2026 · Compared to 10-Q Oct 9, 2025 · ~1 min read

Key Changes

• high

  Net revenues rose 4.3% to $1.61B in the third quarter, reflecting net revenue growth driven by our wholesale channel and our DTC channel in Asia.

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• high

  Gross margin expanded to 66.2% from 61.7%, including the IEEPA tariff refund benefit of $78.6 million which drove 490 basis points of gross margin expansion.

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• high

  Operating income increased 32.8% to $222.3M, with operating margin up to 13.8% from 10.8%; the quarter included the IEEPA tariff refund benefit and a legal settlement gain.

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