Levi Strauss & Co (NYSE:LEVI) reported first-quarter earnings that exceeded Wall Street expectations on Tuesday, lifting shares in after-hours trading as the apparel maker signaled confidence in its ongoing turnaround.
The San Francisco-based company posted adjusted earnings per share of $0.42, above analysts’ consensus of $0.37, on revenue of $1.74 billion, beating forecasts of $1.65 billion.
Levi Strauss raised its full-year guidance, now projecting fiscal 2026 EPS between $1.42 and $1.48, organic revenue growth of 4.5% to 5.5%, and an adjusted EBIT margin of around 12%.
The results reflect broad-based strength across regions and channels. Revenue in the Americas rose 9% reported (7% organically), Europe climbed 24% reported (10% organically), and Asia increased 13% reported (12% organically).
Direct-to-consumer (DTC) sales grew 16% reported (10% organically), now accounting for 52% of total revenue, with comparable DTC sales up 7%. The Beyond Yoga brand surged 23%.
Shares of Levi Strauss jumped 6.5% in aftermarket trading following the results.