Levi Strauss & Co. Posts Strong Q3 Results, Driven by Diversified Portfolio and International Growth
Levi Strauss & Co., a global leader in the denim industry, reported strong third-quarter fiscal 2026 results, driven by its diversified portfolio and international growth. The company's organic net revenues grew 5% year-over-year, with a total business increase of 7% for the period.
The quarter saw significant growth in categories outside of Levi's denim bottoms business, which accounted for approximately 50% of the top-line growth, driven by accelerating momentum in tops and other categories. International business was also a highlight, growing 8% this quarter, led by Asia, where double-digit growth continued while profitability improved.
Global wholesale continued its strong momentum, with a 6% increase in organic net revenues, with growth across all segments. The company's strategy to expand beyond denim has been successful, delivering results in categories outside of its core business.
However, the company's DTC (Direct-to-Consumer) performance fell short of expectations during the quarter, driven primarily by softer traffic trends in both the U.S. and Europe. Despite this, Levi Strauss & Co. has a clear understanding of what worked and what did not, and has taken targeted actions to improve performance.
The company announced the appointment of John Vandemore as its next Chief Financial Officer (CFO), who brings over two decades of financial leadership experience across global consumer businesses. Harmit Singh, the outgoing CFO, will be leaving the company after 14 years of service, and his contributions to Levi Strauss & Co.'s transformation into a more diversified and profitable business have been acknowledged.
Levi Strauss & Co.'s President and CEO, Michelle Gass, praised the company's performance, saying "We delivered another quarter of mid-single-digit growth, up 5% on an organic basis. Year-to-date, our business is up 7% versus the prior year." The company remains confident in its strategies to drive sustainable, long-term, profitable growth.
