Levi Strauss & Co (LEVI) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended August 30, 2026 and Levi Strauss & Co. published the results on October 7, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Levi Strauss & Co. reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GAAP EPS and net income here are from continuing operations. Levi sold its Dockers business in 2025 and reports it as discontinued operations; on a total net income basis, year-ago diluted EPS was $0.55 because it included Dockers.
• Q3 fiscal 2026 is the quarter ended August 30, 2026; Levi's fiscal 2026 ends November 29, 2026.
• Q3 2026 results include IEEPA tariff refunds of $79 million in cost of goods sold and $5 million of interest income. Levi's adjusted measures do not exclude them.

Source: Levi Strauss & Co. Q3 fiscal 2026 results, October 7, 2026. Also in the Form 10-Q for the quarter ended August 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Levi Strauss & Co. splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Levi Strauss & Co.'s Americas revenue was $839 million in Q3 fiscal 2026, up 4% from $806 million in Q3 fiscal 2025, 52% of total revenue.
• Levi Strauss & Co.'s Europe revenue was $442 million in Q3 fiscal 2026, up 4% from $426 million in Q3 fiscal 2025, 27% of total revenue.
• Levi Strauss & Co.'s Asia revenue was $293 million in Q3 fiscal 2026, up 5% from $278 million in Q3 fiscal 2025, 18% of total revenue.
• Levi Strauss & Co.'s Beyond Yoga revenue was $36.0 million in Q3 fiscal 2026, up 9% from $33.0 million in Q3 fiscal 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Levi Strauss & Co. gives a full-year outlook only. Its previous fiscal 2026 range for adjusted diluted EPS was $1.46 to $1.52, and it now expects an adjusted EBIT margin of approximately 12.1%.

In its Q3 fiscal 2026 release, Levi Strauss & Co. said:

“Guidance includes the impact of IEEPA tariff refunds of which the company is redeploying approximately $60 million for the full year, including approximately $35 million for the fourth quarter.”

“Reported net revenues growth Approximately 7.0%, due to the impact of foreign exchange”

“Organic net revenues growth Approximately 6.0%”

“Adjusted diluted EPS Raised to $1.54 to $1.56”

Source: Levi Strauss & Co. Q3 2026 release, Oct 7, 2026.

This is the company's own guidance as of Oct 7, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LEVI forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net revenues and diluted EPS from continuing operations (excluding Dockers), each as first reported in that quarter's release. Including discontinued operations, diluted EPS was $0.22 in Q2 fiscal 2026 and $0.55 in Q3 fiscal 2025.

Levi Strauss & Co.'s next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Oct 7, 2026

Levi Strauss & Co. reported net revenues of $1,609.7 million in Q3 fiscal 2026, up 4% from $1,543.4 million, and up 5% on an organic basis. The Americas brought in $838.8 million, Europe $442.1 million, Asia $292.8 million and Beyond Yoga $36.0 million. Within the Americas, U.S. net revenues fell 1%. (Levi Strauss & Co. Form 10-Q, Q3 fiscal 2026, Oct 7, 2026; Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

By channel, wholesale sales to retailers, department stores and third-party sites were $882.3 million, up 6%, and direct-to-consumer sales through Levi's own stores and sites were $727.4 million, up 2%. DTC was 45% of net revenues, DTC comparable sales were flat, and e-commerce grew 10%. CEO Michelle Gass said DTC fell short of internal expectations. (Levi Strauss & Co. Form 10-Q, Q3 fiscal 2026, Oct 7, 2026; Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

Asia grew fastest on an organic basis, up 10%, with Asia DTC up 11% organically. Europe rose 5% organically but its DTC business fell 1%. Beyond Yoga, the activewear brand, grew 9% and posted an operating loss of $5 million. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

Levi sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets and accessories under the Levi's, Levi Strauss Signature and Beyond Yoga brands. In fiscal 2025 men's products generated 60% of net revenues and women's products 39%, and products other than denim bottoms were 36%. (Levi Strauss & Co. Form 10-K, fiscal 2025, Jan 28, 2026)

Levi Strauss & Co.'s diluted EPS from continuing operations was $0.43 in Q3 fiscal 2026, against $0.31, and adjusted diluted EPS was $0.48, against $0.34. Adjusted figures exclude restructuring charges ($7.6 million) and restructuring related charges and other ($19.0 million), net of tax. They do not exclude tariff refunds. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

IEEPA tariff refunds added $0.16 to EPS, of which Levi says about $0.05 was spent again on promotion and marketing, leaving a net benefit of $0.11. The refunds contributed 490 basis points of gross margin expansion; gross margin rose 450 basis points to 66.2% and operating margin reached 13.8%, against 10.8%. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

The effective tax rate was 23.4%, against 21.9%. Diluted weighted-average shares fell to 390,620,582 from 399,529,649 after a $200 million accelerated share repurchase that settled in the quarter and retired 9.4 million shares in total. Levi plans a further $100 million accelerated repurchase and had $240 million left under its authorization at August 30, 2026. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Levi Strauss & Co. publishes a full-year outlook in its release, not a quarterly one. For fiscal 2026, which ends November 29, 2026, it raised adjusted diluted EPS guidance to $1.54 to $1.56 from $1.46 to $1.52 and now expects an adjusted EBIT margin of approximately 12.1%, up 70 basis points. It narrowed reported net revenue growth to approximately 7.0%, from 7.0% to 7.5%, and expects organic growth of approximately 6.0%. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

The outlook includes IEEPA tariff refunds, of which Levi is redeploying approximately $60 million for the full year, including approximately $35 million in the fourth quarter, and assumes current tariff rates stay in effect. Michelle Gass said DTC is on track to deliver mid-single-digit growth in the fourth quarter. (Levi Strauss & Co. Q3 2026 release, Oct 7, 2026)

A consensus figure is the average of the models published by the analysts who cover Levi Strauss & Co., collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Levi Strauss & Co.'s own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LEVI is on is LEVI a buy or a sell?, what analysts expect next is on the LEVI forecast, and what the company does is on the Levi Strauss & Co (LEVI) stock page.

Every number on this page can be traced to a document Levi Strauss & Co. published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.