Business
Levi Strauss & Co. Reports Second-Quarter Results
Levi Strauss & Co. Reports Second-Quarter
About this update from Levi Strauss & Co
[{"type":"text","content":"\nLevi Strauss & Co. (NYSE: LEVI) today announced financial results for the second quarter ended May 31, 2026.\n\n\n“The Levi’s® brand is connecting with consumers around the world in more powerful ways than ever before, and our Q2 results are another proof point that our strategies are working and our team is executing,” said Michelle Gass, President and CEO of Levi Strauss & Co. “Our evolution into a DTC-first, denim lifestyle company—with a much larger addressable market—is translating to faster growth and higher profitability. While we are pleased with the progress, we are still in the early stages of our long-term growth journey, with more ways to win than ever before.”\n“We delivered another strong quarter driven by broad-based growth across markets, channels and categories,” said Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co. “That growth translated into higher profitability through gross margin expansion and disciplined SG&A leverage, demonstrating the strength and scalability of our operating model. Given our strong first-half results, we are passing through our full Q2 beat and raising our full-year guidance. We are also increasing our dividend, reflecting confidence in the strength of our business, our cash flow generation and our ability to create long-term shareholder value.”\nFinancial Highlights for the Second QuarterNet Revenues of $1.6 billion increased 8% on a reported basis and 6% on an organic basis versus Q2 2025.\n\n\nIn the Americas, net revenues increased 9% on a reported basis and increased 7% on an organic basis. Within the Americas, the U.S. increased 5% on a reported basis.\n\n\n\nIn Europe, net revenues increased 4% on a reported basis and decreased 1% on an organic basis entirely due to the impact of the company’s distribution center transition last year which resulted in a shift of shipments from Q1 2025 into Q2 2025. H1 2026 net revenues increased 14% on a reported basis and 5% on an organic basis.\n\n\n\nIn Asia, net revenues increased 10% on a reported basis and 12% on an organic basis.\n\nBeyond Yoga® increased 16% on a reported and organic basis.\n\nDTC (Direct-to-Consumer) net revenues increased 11% on a reported basis and 8% on an organic basis. DTC growth on a reported basis reflected a 5% increase in the U.S., a 12% increase in Europe and a 12% incre...