Levi Strauss Q3 revenue reaches $1.6 billion

• Levi Strauss (NYSE:LEVI) reported third-quarter 2026 revenue of $1.6 billion, up 4% from a year earlier.
• Net income from continuing operations rose to $169 million from $122 million, while diluted EPS increased to $0.43 from $0.31.
• Gross margin expanded to 66.2%, helped by tariff refunds and stronger wholesale growth across Europe and Asia.

Levi Strauss (NYSE:LEVI) reported third-quarter 2026 net revenue of $1.6 billion, up 4% on a reported basis and 5% organically from the prior-year period.

Revenue increased 4% in the Americas, 4% in Europe and 5% in Asia on a reported basis, while U.S. revenue declined 1% and Beyond Yoga grew 9%.

Direct-to-consumer revenue increased 2%, e-commerce sales rose 10% and wholesale revenue climbed 6%, with DTC accounting for 45% of total quarterly revenue.

Gross margin expanded 450 basis points to 66.2% from 61.7%, while operating margin improved to 13.8% from 10.8% and adjusted EBIT margin rose to 15.5% from 11.8%.

Tariff refunds contributed 490 basis points to gross margin expansion and $0.16 to earnings per share before reinvestment, while net income from continuing operations rose to $169 million.

Selling, general and administrative expenses increased to $836 million from $776 million, while adjusted SG&A rose 6.2% to $817 million, mainly due to higher selling and distribution costs.

Adjusted net income increased to $189 million from $136 million, while adjusted diluted earnings per share rose to $0.48 from $0.34, including an $0.11 net benefit from tariff refunds after redeployment.