Q1: 2026-04-07 Earnings Abstract
EPS of $0.42 beats by $0.05
| Income of $1.74B (14.13% Y/Y) beats by $91.90M
Levi Strauss & Co. (LEVI) J.P. Morgan Retail Spherical Up Discussion board 2026 April 9, 2026 11:00 AM EDT
Firm Contributors
Michelle Gass – CEO, President & Director
Harmit Singh – Government VP & Chief Monetary & Development Officer
Convention Name Contributors
Matthew Boss – JPMorgan Chase & Co, Analysis Division
Presentation
Matthew Boss
JPMorgan Chase & Co, Analysis Division
Okay. Nice. Thanks. It is Matt Boss, retailing, shops and specialty softlines right here at JPMorgan. Actually completely satisfied to host at present the staff from Levi’s, CEO, Michelle Gass; and CFO and Development Officer, Harmit Singh. So the format for at present is fireplace chat, and we’ll open it up on the finish for questions within the viewers. However with that, Michelle, Harmit, thanks for becoming a member of us, and thanks for becoming a member of once more on the Retail Roundup. And congrats coming off of one other very sturdy quarter.
Michelle Gass
CEO, President & Director
Thanks for having us, Matt.
Query-and-Reply Session
Matthew Boss
JPMorgan Chase & Co, Analysis Division
Completely. Sure. So perhaps to kick off and precisely on that time, coming off of the energy within the final quarter, the natural development price, one other quarter of high-single digits. Perhaps if we take into consideration development constructing on development, the energy in ’25, the energy now to kick off ’26, how greatest to consider your outcomes relative to the denim market, what you assume is company-specific, what perhaps is trade?
Michelle Gass
CEO, President & Director
Sure. Effectively, so first, I might say we’re actually happy to ship a 9% natural, 14% reported and to your level, coming off of a 7% development final 12 months. I might first say that it is a direct results of our methods. Our methods are gaining traction. The methods are working. And first, I’d say this transfer to turn into a best-in-class DTC-first retailer. So DTC is now half our enterprise. It is going to be half our enterprise
