First reported by ChartMill
Levi Strauss & Co. (NYSE:LEVI) Beats Q2 Estimates, Raises Guidance, Yet Shares Dip 5%
Levi Strauss beats Q2 expectations, raises full-year guidance and dividend
Levi Strauss exceeded Wall Street's expectations for its fiscal 2026 second quarter, reporting better-than-anticipated revenue and earnings. The denim retailer responded by raising its full-year guidance for both adjusted earnings per share (now $1.46-$1.52) and sales growth (now 7%-7.5%), both above analyst forecasts. The company also increased its dividend, signaling confidence in its financial outlook.
Key quotes
Levi Strauss beat Wall Street's quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend.
The denim maker is now expecting full-year adjusted earnings per share to be between $1.46 and $1.52, up from a prior range of between $1.42 and $1.48.
Levi also raised its top-line outlook and is now expecting full-year sales to rise between 7% and 7.5%, compared with a prior range of between 5.5% and 6.5%.
From the article
Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.
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