Levis Announces Third Quarter Results for Fiscal Year 2026
2026-10-08 10:53:45
According to CoinMeta, Levi's announced its financial results for the third quarter of fiscal year 2026, with net revenue increasing by 4% to $1.61 billion, slightly below analysts' forecast of $1.62 billion; adjusted earnings per share were 48 cents, compared to analysts' estimate of around 36 cents. The comparable sales of its direct-to-consumer business ($DTC) remained flat and fell short of expectations, due to declining sales in the U.S. market and hindered customer traffic in Europe due to "abnormally" warm weather. During the period, the company received a tariff refund of $79 million and plans to reinvest about $60 million of this amount into promotional and marketing activities this year. Looking ahead to the whole year, Levi's has raised its expectation for organic revenue growth to 6%, which is at the upper end of its previous forecast range of 5.5% to 6%; the adjusted earnings per share forecast has been raised from $1.46 to $1.52 to $1.54 to $1.56.
Source:Internet
This content is for market information only and does not constitute investment advice.
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