Levi (NYSE: LEVI) reported Q1 EPS of $0.42, $0.05 better than the analyst estimate of $0.37. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.65 billion.

GUIDANCE:

Levi sees FY2026 EPS of $1.42-$1.48, versus the consensus of $1.46.

• Reported net revenues growth: Raised to 5.5% to 6.5%, up from 5% to 6%
• Organic net revenues growth: Raised to 4.5% to 5.5%, up from 4% to 5%
• Gross margin: Raised to flat to slightly up to prior year, up from flat to prior year
• Adjusted EBIT margin: Raised to expanding to approximately 12%, up from 11.8% to 12%
• Tax rate: Approximately 23%, 2 points higher than prior year
• Adjusted diluted EPS: Raised to $1.42 to $1.48, up from $1.40 to $1.46. This includes an approximate $0.04 headwind from a higher tax rate.

For earnings history and earnings-related data on Levi (LEVI) click here.