Levi Strauss & Co. (NYSE:LEVI) reported first-quarter results that exceeded analyst expectations, with shares rising more than 13% intraday Wednesday.
The company posted adjusted earnings per share of $0.42, beating estimates by $0.05, while revenue totaled $1.7 billion, exceeding the consensus of $1.65 billion.
Revenue increased 14% on a reported basis and 9% on an organic basis compared to the prior-year quarter.
Levi Strauss also raised its full-year fiscal 2026 adjusted EPS guidance to a range of $1.42 to $1.48, up from its previous outlook of $1.40 to $1.46. The midpoint of $1.45 remained slightly below the analyst consensus of $1.46.
Direct-to-consumer (DTC) net revenue increased 16% on a reported basis and 10% organically, with comparable sales growth of 7%. The DTC segment accounted for 52% of total net revenue during the quarter. Wholesale net revenue rose 12% on a reported basis and 8% organically.
The company also raised its full-year fiscal 2026 revenue growth guidance, projecting reported growth of 5.5% to 6.5%, up from 5% to 6%, and organic growth of 4.5% to 5.5%, up from 4% to 5%.
