Levi Strauss Shares Up 12% on Q1 Revenue Beat

Levi Strauss & Co. shares rose 12 percent on Wednesday following the apparel maker's report of its strongest quarterly revenue growth in nearly four years, as robust demand for its denim products helped offset the impact of new U.S. import tariffs.

The San Francisco-based company announced first-quarter results ending March 1 that exceeded Wall Street expectations. Net revenue climbed 14 percent year-over-year to $1.74 billion, surpassing the $1.65 billion forecast by analysts. Adjusted earnings per share came in at 42 cents, topping estimates of 37 cents. Executives attributed the performance to strong sales across consumer segments, including a 40 percent increase in its premium Blue Tab denim line and 16 percent growth in the more affordable Signature line, sold at retailers like Walmart and Amazon.

The results prompted Levi Strauss to raise its full-year outlook. Fiscal 2026 net revenue is now projected to grow between 5.5 percent and 6.5 percent, up from the prior range of 5 percent to 6 percent. Adjusted earnings per share guidance was lifted to $1.42 to $1.48, from $1.40 to $1.46. These revisions reflect confidence in the company's ability to navigate a roughly 10 percent...