Equity Profile

LEVI

Levi Strauss & Co.

Consumer DiscretionaryApparel, Accessories & Luxury Goods$8.9B

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 crucial indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth signals how well the company is performing in the competitive apparel market and can indicate consumer demand.

N/A

1 more metrics, 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 key player in the consumer discretionary sector, it is affected 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 the last quarter, Levi reported an EPS of $0.42, exceeding expectations by 13.51%. However, revenue figures were not disclosed, leaving some uncertainty.

Management Promises & Guidance

Focus on expanding product lines to attract younger consumers.
Commitment to sustainability initiatives in production.
Plans to enhance online sales channels.

Expectations

Wall Street Expectations

Investors are generally optimistic about Levi's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Levi continues its trend of beating EPS estimates, it could signal strong operational performance and consumer demand, driving the stock higher.

Bear Case

On the other hand, if revenue growth is disappointing or management fails to provide clear guidance, it could lead to a decline in investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for this quarter?

Revenue growth is critical for understanding the company's market position and consumer demand, especially in a competitive environment.

How will gross margins be affected by recent cost pressures?

Gross margins indicate the company's pricing power and operational efficiency, which are vital for maintaining profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Levi's ability to maintain strong margins despite cost pressures, as the company has successfully navigated similar challenges in the past.

Supporting Evidence

Levi has a strong brand loyalty that can help sustain pricing power even in tough market conditions.

Recent insider selling might be viewed negatively, but it could also indicate confidence in the company's long-term strategy rather than immediate concerns.

Options pricing suggests a larger move than historical averages, indicating that investors expect significant news or changes.

Key Risk

If revenue growth comes in below 5%, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Levi can sustain its growth trajectory amidst changing consumer preferences and economic conditions.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm strong consumer demand and operational success.

Bear Confirmed If

A revenue decline or stagnation would indicate potential issues in market demand or competition.

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 that 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$5.4M

231,767 sh

1 insider

Net

$5.4M

Net selling

Most Active Insiders· 2 open-market trades

EVP & Chief Fin. & Growth Ofc.Singh Harmit J
$5.4M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Levi beats expectations and raises guidance, history suggests the stock could rise by around 1.73% on the first trading day after the report.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience a muted reaction as investors weigh future growth prospects.

Miss

Should Levi miss expectations, history suggests a potential decline of around 1.10%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches aimed at younger consumers.
2Details on cost management strategies and their impact on gross margins.
3Insights into online sales performance and growth initiatives.
4Comments on market trends and consumer behavior shifts.
5Any guidance on future revenue expectations.

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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 crucial indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth signals how well the company is performing in the competitive apparel market and can indicate consumer demand.

N/A

1 more metrics, 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 the last quarter, Levi reported an EPS of $0.42, exceeding expectations by 13.51%. However, revenue figures were not disclosed, leaving some uncertainty.

Management Promises & Guidance

Focus on expanding product lines to attract younger consumers.
Commitment to sustainability initiatives in production.
Plans to enhance online sales channels.

Expectations

Wall Street Expectations

Investors are generally optimistic about Levi's upcoming earnings, given its strong track record of beating EPS estimates. However, the lack of revenue guidance raises some concerns.

Bull Case

If Levi continues its trend of beating EPS estimates, it could signal strong operational performance and consumer demand, driving the stock higher.

Bear Case

On the other hand, if revenue growth is disappointing or management fails to provide clear guidance, it could lead to a decline in investor confidence.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for this quarter?

Revenue growth is critical for understanding the company's market position and consumer demand, especially in a competitive environment.

How will gross margins be affected by recent cost pressures?

Gross margins indicate the company's pricing power and operational efficiency, which are vital for maintaining profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Levi's ability to maintain strong margins despite cost pressures, as the company has successfully navigated similar challenges in the past.

Supporting Evidence

Levi has a strong brand loyalty that can help sustain pricing power even in tough market conditions.

Recent insider selling might be viewed negatively, but it could also indicate confidence in the company's long-term strategy rather than immediate concerns.

Options pricing suggests a larger move than historical averages, indicating that investors expect significant news or changes.

Key Risk

If revenue growth comes in below 5%, it could lead to a reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Levi can sustain its growth trajectory amidst changing consumer preferences and economic conditions.

Bull Confirmed If

Revenue growth of at least 10% year-over-year would confirm strong consumer demand and operational success.

Bear Confirmed If

A revenue decline or stagnation would indicate potential issues in market demand or competition.

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 that 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$5.4M

231,767 sh

1 insider

Net

$5.4M

Net selling

Most Active Insiders· 2 open-market trades

EVP & Chief Fin. & Growth Ofc.Singh Harmit J
$5.4M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Levi beats expectations and raises guidance, history suggests the stock could rise by around 1.73% on the first trading day after the report.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience a muted reaction as investors weigh future growth prospects.

Miss

Should Levi miss expectations, history suggests a potential decline of around 1.10%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches aimed at younger consumers.
2Details on cost management strategies and their impact on gross margins.
3Insights into online sales performance and growth initiatives.
4Comments on market trends and consumer behavior shifts.
5Any guidance on future revenue expectations.