Levi Strauss & Co. (LEVI) is rallying after reporting fiscal first-quarter results that came in above its own guidance and lifting its fiscal 2026 outlook. The company raised its targets for reported revenue growth to 5.5%–6.5% (from 5%–6%) and adjusted diluted EPS to $1.42–$1.48 (from $1.40–$1.46), reinforcing a stronger-than-feared demand and margin setup even with ongoing tariff friction. (investors.levistrauss.com)

For the quarter ended March 1, 2026, Levi reported net revenues of $1.742 billion (+14% year over year) and adjusted diluted EPS of $0.42 versus $0.38 a year ago. Net income from continuing operations was $177 million, and management pointed to revenue, margins, and EPS landing above guidance. (investors.levistrauss.com)

The outlook increase is being read as a signal that Levi can keep converting demand into profit while navigating cost headwinds. Management’s 2026 framework assumes U.S. tariffs remain elevated (30% on China imports and 20% for rest-of-world) and still calls for roughly 12% adjusted EBIT margin, implying confidence in pricing, sourcing diversification, supplier negotiations, and cost controls to blunt duties. (investors.levistrauss.com)

Alongside results, Levi reiterated shareholder returns: it declared a $0.14 quarterly dividend payable May 6, 2026 (record date April 22, 2026) and detailed an accelerated share repurchase program that delivered and retired about 8 million shares in Q1. The company also disclosed a planned transition for CFO & Growth Officer Harmit Singh, who is expected to move to a special advisor role after a successor is appointed and then retire, adding an additional headline for investors to digest. (investors.levistrauss.com)