Levi Strauss has executed a structural margin reset, with operating margin rising from a 1.5% trough in Q2 2024 to 13.8% in Q3 2026 and gross margin reaching 66.2%, above PVH (57.5%) and V.F.
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Gross margin has expanded to 66.2% in Q3 2026 from a 60.0% trough in Q3 2024 and SG&A has fallen to 76% of gross profit, but revenue growth decelerated to 4.3% from the 14.1% peak in Q1 2026, implying margin execution rather than demand is driving the 13.8% operating margin.
Levi Strauss is benefiting from a durable shift toward premium denim, supported by strong consumer search data indicating sustained demand.
As the world's largest branded apparel company, Levi's operates in over 110 countries, generating significant revenue and market presence.
The bull case includes a potential re-rating to 18x multiples if direct-to-consumer (DTC) initiatives outperform and expand margins.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 7, 2026 | $0.48+34.0% vs $0.36 | $1.6B-0.4% vs $1.6B |
Q3 2026 Jul 8, 2026 | $0.28+14.8% vs $0.24 | $1.6B+2.7% vs $1.5B |
Q2 2026 Apr 7, 2026 | $0.42+14.3% vs $0.37 | $1.7B+5.7% vs $1.6B |
Q1 2026 Jan 28, 2026 | $0.41+5.1% vs $0.39 | $1.8B+3.1% vs $1.7B |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.
Levi's NYSE: LEVI Q3 results left something to be desired, with revenue growth below forecast and margins impacted by headwinds. However, tepid as the results may be, the company continues to grow, profit, and drive cash flow, which is what matters.
Levi Strauss (LEVI) shares have declined following a mixed fiscal Q3 report. While the company reported an adjusted EPS of $0.48, exceeding expectations, revenu
Levi Strauss & Co (NYSE:LEVI) shares fell 3.7% Thursday after third-quarter direct-to-consumer (DTC) sales growth came in softer than expected, though analysts said the company's fast response has already restored momentum. The denim maker reported third-quarter earnings per share of $0.48, ahead of the $0.35 to $0.36 consensus cited by BofA.
Benchmark LEVI against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Levi Strauss & Co. (LEVI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $22.87 | $8.95B | 15.15 | -1.15% | 8.83% | 25.72% | 2.33% | |
| $89.95 | $4.15B | -24.54 | 3.44% | -1.89% | -3.49% | 0.17% | |
| $376.56 | $22.97B | 21.39 | 14.63% | 12.56% | 38.35% | 0.92% | |
| $20.35 | $8B | 22.00 | 1.06% | 3.93% | 19.9% | 1.75% | |
| $20.37 | $2.06B | 38.48 | 9.4% | 1.5% | 6.08% | — | |
| $38.59 | $57.11B | 18.52 | 0.19% | 6.74% | 21.24% | 4.21% |
Levi Strauss & Co. (LEVI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Levi Strauss & Co. (LEVI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 7, 2026·SEC
Sep 30, 2026·SEC
Jul 8, 2026·SEC
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Levi Strauss & Co. (LEVI) stock FAQ — growth, dividends, profitability & financials explained
Levi Strauss & Co. (LEVI) reported $6.68B in revenue over the trailing twelve months. Revenue was $6.28B in fiscal year 2025. That is 35% more than the $4.65B of fiscal year 2000.
Levi Strauss & Co. (LEVI) grew revenue by 5.1% over the trailing twelve months, compared with the twelve months before.
Yes. Levi Strauss & Co. (LEVI) earned $589.7M in net income over the trailing twelve months (a 8.8% net margin).
Yes. Levi Strauss & Co. (LEVI) pays a dividend that yields 2.33% at the current price, a moderate yield.
Levi Strauss & Co. (LEVI) had a return on equity (ROE) of 25.7% over the trailing twelve months. That is well above the market's typical 10-15%.
Levi Strauss & Co. (LEVI) generated $659.1M in free cash flow over the trailing twelve months.
