Levi Strauss & Co. (NYSE: LEVI) dropped its third-quarter fiscal 2026 results after Wednesday's closing bell, and the headline numbers came in a little lopsided: a solid earnings beat, a slight revenue miss, and a guidance raise that suggests management isn't losing sleep over either.

Inside The Numbers

Levi Strauss reported quarterly earnings of 48 cents per share, inclusive of a 16 cent impact from tariff refunds, which beat the consensus estimate of 36 cents, per market data.

Quarterly revenue came in at $1.61 billion, which missed the Street estimate of $1.62 billion.

Levi Strauss reported the following quarterly highlights:

• Net Revenues of $1.6 billion increased 4% on a reported basis and 5% on an organic basis versus the third quarter of 2025.
• DTC (Direct-to-Consumer) net revenues increased 2% on a reported and organic basis. DTC growth on a reported basis reflected a 2% increase in the Americas, a 1% decrease in the U.S., a 2% decrease in Europe and an 8% increase in Asia.
• Wholesale net revenues increased 6% on a reported and organic basis, driven by growth in all segments, with particularly strong performance in Europe and Asia.

"Our third-quarter performance highlighted the power of our diversified portfolio and reinforced our confidence that we have the right strategies in place," said Michelle Gass, CEO of Levi Strauss & Co.

"We saw strong growth in our international and wholesale businesses, and continued momentum across our lifestyle categories," Gass added.

Looking Ahead

Levi Strauss raised its fiscal 2026 adjusted EPS guidance to $1.54 to $1.56, versus the $1.54 analyst estimate, and narrowed its revenue outlook to $6.72 billion, versus the $6.76 billion estimate.

LEVI Stock Price: According to market data, Levi Strauss stock was up 0.72% to $19.51 in Wednesday's extended trading.