Equity Profile

LEVI

Levi Strauss & Co.

Consumer DiscretionaryApparel, Accessories & Luxury Goods$8.6B

Jun24Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Levi Strauss & Co. is a well-known apparel company famous for its denim jeans and casual wear....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.24

Revenue

Revenue reflects the overall sales performance and demand for Levi's products.

$1.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

LEVI Q2-2026 Earnings Preview

Context

Company Snapshot

Levi Strauss & Co. is a well-known apparel company famous for its denim jeans and casual wear. As a player in the consumer discretionary sector, the company is influenced by trends in consumer spending and fashion preferences.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.31%

Avg Stock Reaction

-1.10%

Last Quarter Recap

In Q1 2026, Levi Strauss reported an EPS of $0.42, surpassing expectations by 13.51%. The stock saw a slight increase of 0.31% the following day.

Management Promises & Guidance

Continue to focus on expanding direct-to-consumer sales.
Maintain strong inventory management to meet demand.
Enhance sustainability initiatives in product lines.

Expectations

Wall Street Expectations

Analysts are generally optimistic about Levi's upcoming earnings, with expectations for both EPS and revenue to meet consensus estimates.

Bull Case

If Levi can exceed the EPS estimate, it may signal strong consumer demand and effective cost management, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS expectations, it could raise concerns about slowing sales or increased costs, negatively impacting investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.24

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$1.5B

Revenue reflects the overall sales performance and demand for Levi's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Levi's EPS exceed the consensus estimate of $0.24?

A beat on EPS could indicate strong consumer demand and effective cost management, which are critical for investor confidence.

What are the revenue figures compared to the expected $1.5B?

Revenue performance is crucial for assessing overall business health and growth potential, especially in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Levi's ability to capitalize on direct-to-consumer sales growth, which could drive higher margins.

Supporting Evidence

Levi's recent focus on sustainability could attract more consumers, boosting sales.

The options market indicates a higher expected move than historical averages, suggesting potential for a surprise.

Levi's strong brand loyalty may help it weather economic downturns better than competitors.

Key Risk

If Levi's direct-to-consumer sales show significant growth, it could challenge the current consensus on revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Levi can sustain its recent performance amid changing consumer preferences and economic conditions.

Bull Confirmed If

An EPS of $0.27 or higher would confirm the bull case, indicating strong demand and cost control.

Bear Confirmed If

An EPS below $0.23 would confirm the bear case, suggesting potential issues with sales or rising costs.

Pre-Earnings Positioning

Options Market

Implied Move

±6.12%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant move, suggesting investors anticipate volatility around the earnings report.

Options are pricing ±6.1% while LEVI has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.3%

Calls (48K)P/C Ratio: 3.25Puts (31K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Levi beats expectations, history suggests the stock could rise by around 1.73%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss on earnings could lead to a decline of approximately 1.10%, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on direct-to-consumer sales growth and strategies.
2Any commentary on inventory levels and management.
3Insights into consumer trends affecting sales.
4Details on sustainability initiatives and their impact on brand perception.
5Management's outlook on the economic environment and its effect on future performance.

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Company Snapshot

Levi Strauss & Co. is a well-known apparel company famous for its denim jeans and casual wear....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.24

Revenue

Revenue reflects the overall sales performance and demand for Levi's products.

$1.5B

Wall Street expectations, options signals, track record, and call prep available with Pro.

LEVI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.31%

Avg Stock Reaction

-1.10%

Last Quarter Recap

In Q1 2026, Levi Strauss reported an EPS of $0.42, surpassing expectations by 13.51%. The stock saw a slight increase of 0.31% the following day.

Management Promises & Guidance

Continue to focus on expanding direct-to-consumer sales.
Maintain strong inventory management to meet demand.
Enhance sustainability initiatives in product lines.

Expectations

Wall Street Expectations

Analysts are generally optimistic about Levi's upcoming earnings, with expectations for both EPS and revenue to meet consensus estimates.

Bull Case

If Levi can exceed the EPS estimate, it may signal strong consumer demand and effective cost management, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS expectations, it could raise concerns about slowing sales or increased costs, negatively impacting investor sentiment.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.24

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$1.5B

Revenue reflects the overall sales performance and demand for Levi's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Levi's EPS exceed the consensus estimate of $0.24?

A beat on EPS could indicate strong consumer demand and effective cost management, which are critical for investor confidence.

What are the revenue figures compared to the expected $1.5B?

Revenue performance is crucial for assessing overall business health and growth potential, especially in a competitive market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Levi's ability to capitalize on direct-to-consumer sales growth, which could drive higher margins.

Supporting Evidence

Levi's recent focus on sustainability could attract more consumers, boosting sales.

The options market indicates a higher expected move than historical averages, suggesting potential for a surprise.

Levi's strong brand loyalty may help it weather economic downturns better than competitors.

Key Risk

If Levi's direct-to-consumer sales show significant growth, it could challenge the current consensus on revenue expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Levi can sustain its recent performance amid changing consumer preferences and economic conditions.

Bull Confirmed If

An EPS of $0.27 or higher would confirm the bull case, indicating strong demand and cost control.

Bear Confirmed If

An EPS below $0.23 would confirm the bear case, suggesting potential issues with sales or rising costs.

Pre-Earnings Positioning

Options Market

Implied Move

±6.12%

Historical Avg

±1.7%

Pricing rich

The options market is pricing in a significant move, suggesting investors anticipate volatility around the earnings report.

Options are pricing ±6.1% while LEVI has averaged ±1.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

31.3%

Calls (48K)P/C Ratio: 3.25Puts (31K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Levi beats expectations, history suggests the stock could rise by around 1.73%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss on earnings could lead to a decline of approximately 1.10%, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on direct-to-consumer sales growth and strategies.
2Any commentary on inventory levels and management.
3Insights into consumer trends affecting sales.
4Details on sustainability initiatives and their impact on brand perception.
5Management's outlook on the economic environment and its effect on future performance.