Levi Strauss reports Q3 2026 earnings, beats EPS, raises FY guidance and announces $100M buyback and new CFO
+3 new sources since this summary was written
Levi Strauss & Co. released its fiscal third‑quarter 2026 results on October 7, 2026. Adjusted earnings were $0.48 a share, well above the $0.36 consensus, while revenue of $1.61 billion missed the $1.62 billion estimate. The company lifted full‑year EPS guidance to $1.54‑$1.56, unveiled a $100 million share‑repurchase program and named John Vandemore as its new chief financial officer. CEO Michelle Gass highlighted stronger international and non‑denim categories despite weaker U.S. direct‑to‑consumer sales.
Why it matters
The company’s raised FY EPS outlook signals higher profitability expectations for investors. However, the revenue miss and DTC weakness prompted the stock to fall about 5% after hours. The $100 million buyback may support the share price over the near term.
Key facts
- 1Adjusted diluted EPS was $0.48, beating the $0.36 estimate. investing.com
- 2Revenue was $1.61 billion, up 4% YoY and $10 million below the $1.62 billion consensus. investing.com
- 3Gross margin expanded to 66.2%, a 450‑basis‑point increase year over year. investing.com
- 4Full‑year 2026 adjusted EPS guidance was raised to $1.54‑$1.56. rttnews.com
- 5Levi announced a $100 million share‑repurchase program. tradingview.com
- 6John Vandemore was appointed chief financial officer. benzinga.com
Open questions
- EPS figures differ across materials ($0.48 adjusted vs $0.43 non‑GAAP).
- Revenue is reported as $1.61 billion in some sources and $1.6 billion in others.
Summary written by AlphAI from 20 of 39 sources. Not investment advice. Figures are as stated by the linked sources.