Levi Strauss Raises 2026 EPS View to $1.46-$1.52, Lifts Dividend After Q2 Beat
Updated
Updated · CNBC · Jul 8
Levi Strauss Raises 2026 EPS View to $1.46-$1.52, Lifts Dividend After Q2 Beat
3 articles · Updated · CNBC · Jul 8
Summary
Levi lifted full-year adjusted EPS guidance to $1.46-$1.52 from $1.42-$1.48 and raised its dividend after second-quarter earnings and revenue topped Wall Street estimates.
Q2 adjusted EPS came in at 28 cents versus 24 cents expected, while revenue reached $1.56 billion versus $1.52 billion expected; net income rose to $87.3 million from $67 million a year earlier.
Sales grew about 8% from a year earlier, and Levi now expects full-year revenue growth of 7%-7.5%, up from 5.5%-6.5% and above the 6.6% analyst consensus.
CEO Michelle Gass said demand stayed healthy despite higher gas prices, with unit volumes driving much of the quarter's growth; shares still fell more than 5% in extended trading.