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Levi Strauss & Co
(NYSE:LEVI)
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Rating:76Outperform
Price Target:
$28.00
▲(22.27% Upside)
Action:Reiterated
Date:04/28/26
The score is driven primarily by improving fundamentals (higher TTM profitability and better free cash flow) and a constructive technical setup (price above key moving averages with positive MACD). Valuation is supportive (P/E ~11.9 and ~2.5% yield). The main constraints are balance-sheet leverage and earnings/margin variability, alongside near-term cost and tariff risks noted on the earnings call.
Positive Factors
Direct-to-Consumer (DTC) Momentum
Sustained DTC growth and a 50% channel mix strengthen margin control, customer data ownership, and pricing power. Over 2–6 months this supports higher retail margins, repeat purchase rates and ability to test products/pricing, reducing reliance on lower-margin wholesale partners.
Negative Factors
Moderate-to-Elevated Leverage
Debt near parity with equity limits financial flexibility and increases sensitivity to earnings shocks or rising rates. In a downturn this leverage can constrain investment, share returns or require tighter working-capital management, raising structural funding risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Direct-to-Consumer (DTC) Momentum
Sustained DTC growth and a 50% channel mix strengthen margin control, customer data ownership, and pricing power. Over 2–6 months this supports higher retail margins, repeat purchase rates and ability to test products/pricing, reducing reliance on lower-margin wholesale partners.
Read all positive factors
Levi Strauss & Co Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Measures profit from each business segment after operating expenses, indicating which segments are most efficient and contribute most to the bottom line.
Measures profit from each business segment after operating expenses, indicating which segments are most efficient and contribute most to the bottom line.
Data provided by:
The Fly
The FlyLevi Strauss & Co (LEVI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.55B
Dividend Yield2.58%
Average Volume (3M)2.55M
Price to Earnings (P/E)15.8
Beta (1Y)1.19
Revenue Growth2.61%
EPS Growth30.39%
CountryUS
Employees18,700
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.57
Shares Outstanding98,176,900
10 Day Avg. Volume2,388,542
30 Day Avg. Volume2,554,986
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)3.87
Price to Sales (P/S)1.40
P/FCF Ratio27.19
Enterprise Value/Market Cap1.00
Enterprise Value/Revenue1.47
Enterprise Value/Gross Profit2.38
Enterprise Value/Ebitda10.06
Forecast
1Y Price Target
$26.75Price Target Upside16.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)1.5
Revenue Forecast (FY)$6.69B
Levi Strauss & Co Business Overview & Revenue Model
Company Description
Levi Strauss & Co. stands as a prominent global clothing enterprise, actively involved in the conceptualization, promotion, and distribution of an extensive collection of apparel and related accessories. Their comprehensive product line includes d...
How the Company Makes Money
Levi Strauss & Co. generates revenue primarily from selling branded apparel and accessories through two main channels: (1) wholesale and (2) direct-to-consumer (DTC). In wholesale, the company sells products in bulk to third-party retailers and di...
Levi Strauss & Co Earnings Call Summary
Earnings Call Date:Apr 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 08, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operational momentum: double-digit growth in key channels and categories, improved profitability and raised full-year guidance. These positive results were balanced by near-term margin pressure from tariffs, elevated SG&A driven by marketing timing and distribution transition costs that the company is actively managing. Leadership changes were announced (CFO retirement) but framed as a planned transition with continuity. Overall the company demonstrated confidence in sustaining growth while addressing known cost and execution risks.Positive Updates
Top-Line Growth Exceeds Expectations
Organic net revenue grew 9% in Q1 (reported +14%), with broad-based strength across regions and channels.
Negative Updates
Tariff Pressure on Gross Margin
Gross margin in Q1 was 61.9%, contracting 20 basis points YoY primarily due to tariffs; guidance assumes a range of tariff scenarios and potential volatility remains.
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth Exceeds Expectations
Organic net revenue grew 9% in Q1 (reported +14%), with broad-based strength across regions and channels.
Read all positive updates
Company Guidance
Management raised full‑year fiscal 2026 expectations, guiding reported net revenue growth to +5.5%–+6.5% and organic net revenue to +4.5%–+5.5% (a 0.5‑point increase driven by stronger U.S. wholesale), with global wholesale now expected to be up low‑single‑digits; full‑year gross margin is expected to be flat to slightly up, adjusted EBIT margin about 12% (up from a prior 11.8%–12% range) and adjusted diluted EPS roughly $1.42–$1.48 (up from $1.40–$1.46). For Q2 the company expects reported revenues +4%–+5% (organic +3%–+4%), gross margin slightly down due to FX, adjusted EBIT margin of 8%–9% and adjusted diluted EPS of ~$0.22–$0.24. Management framed the margin cadence as H1 EBIT margins ~10%–11% and H2 ~13%–14% (anchoring the full‑year ~12%), assumes tariffs at 30% U.S./20% ROW in its plan (not reflecting recent legal developments), notes a potential incremental benefit of ~$35M to COGS and ~$0.07 to EPS if 10% tariffs remain, and expects marketing to be roughly flat at ~7% of sales.Levi Strauss & Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.50B | 6.28B | 6.36B | 6.18B | 6.17B | 5.76B |
| Gross Profit | 4.01B | 3.88B | 3.82B | 3.52B | 3.55B | 3.35B |
| EBITDA | 949.10M | 888.90M | 454.00M | 476.40M | 834.20M | 796.30M |
| Net Income | 618.90M | 578.10M | 210.60M | 249.60M | 569.10M | 553.54M |
Balance Sheet | ||||||
| Total Assets | 6.57B | 6.85B | 6.38B | 6.05B | 6.04B | 5.90B |
| Cash, Cash Equivalents and Short-Term Investments | 812.00M | 848.80M | 690.00M | 398.80M | 500.20M | 901.82M |
| Total Debt | 1.05B | 2.31B | 2.21B | 2.18B | 2.09B | 2.24B |
| Total Liabilities | 4.37B | 4.57B | 4.41B | 4.01B | 4.13B | 4.23B |
| Stockholders Equity | 2.21B | 2.28B | 1.97B | 2.05B | 1.90B | 1.67B |
Cash Flow | ||||||
| Free Cash Flow | 490.50M | 324.30M | 670.90M | 121.90M | -39.00M | 570.40M |
| Operating Cash Flow | 704.70M | 545.70M | 898.40M | 435.50M | 228.10M | 737.30M |
| Investing Cash Flow | 28.70M | -68.70M | -281.10M | -240.70M | -235.70M | -571.80M |
| Financing Cash Flow | -602.90M | -416.30M | -319.30M | -214.10M | -365.40M | -840.90M |
Levi Strauss & Co Technical Analysis
Positive
22.90
Price Trends
22.72
Positive
21.46
Positive
21.40
Positive
Market Momentum
0.44
Negative
64.28
Neutral
58.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LEVI, the sentiment is Positive. The current price of 22.9 is below the 20-day moving average (MA) of 23.44, above the 50-day MA of 22.72, and above the 200-day MA of 21.40, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 64.28 is Neutral, neither overbought nor oversold. The STOCH value of 58.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LEVI.
Levi Strauss & Co Risk Analysis
Levi Strauss & Co disclosed 48 risk factors in its most recent earnings report. Levi Strauss & Co reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Levi Strauss & Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $9.55B | 15.84 | 28.33% | 2.58% | 2.61% | 30.39% | |
70 Outperform | $3.16B | 19.63 | 10.26% | 2.18% | 0.54% | -19.72% | |
69 Neutral | $4.61B | 16.72 | 50.10% | 3.36% | 20.78% | 20.89% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $3.42B | 22.32 | 3.25% | 0.22% | 3.54% | -55.30% | |
52 Neutral | $6.54B | 25.61 | 15.92% | 1.95% | -0.72% | ― |
* Consumer Cyclical Sector Average
LEVI
Levi Strauss & Co
24.83
6.44
35.06%
COLM
Columbia Sportswear
61.82
-0.18
-0.29%
PVH
PVH
74.26
2.80
3.92%
VFC
VF
16.68
4.70
39.23%
KTB
Kontoor Brands
83.34
14.92
21.81%
Levi Strauss & Co Corporate Events
Executive/Board Changes
Levi Strauss Announces Board Resignation and Size Reduction
Neutral
Jun 15, 2026
On June 10, 2026, Levi Strauss Co. director Elliott Rodgers tendered his resignation from the board, effective June 15, 2026, following his appointment as an executive officer at Kohl’s Corporation. The company stated that his departure was...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Levi Strauss Updates Bylaws, Tightens Corporate Governance Rules
Neutral
Apr 27, 2026
On April 23, 2026, Levi Strauss Co.’s board approved amendments to the company’s bylaws that took effect the same day, refining rules for shareholder-submitted director nominations and other business proposals, including updated discl...
Executive/Board ChangesShareholder Meetings
Levi Strauss Shareholders Reelect Directors and Approve Executive Pay
Positive
Apr 27, 2026
On April 22, 2026, Levi Strauss Co. held its 2026 Annual Meeting of Shareholders, where investors elected three Class I directors—Jill Beraud, Artemis Patrick, and Elliott Rodgers—to serve on the board until the 2029 annual meeting. S...
Executive/Board Changes
Levi Strauss Announces Planned Retirement of Finance Chief
Neutral
Apr 7, 2026
On April 7, 2026, Levi Strauss Co. announced that longtime Executive Vice President and Chief Financial Growth Officer Harmit Singh will retire following a planned transition from his current role into a Special Advisor position. Singh, who join...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.