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Levi Strauss & Co
(NYSE:LEVI)
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Rating:65Neutral
Price Target:
$22.50
▲(6.64% Upside)
Action:Reiterated
Date:10/08/26
LEVI’s score is supported primarily by improving profitability and strong recent free cash flow, plus reasonable valuation (P/E ~12.8) and a ~3% dividend yield. These positives are partially offset by weak technical positioning (price below key moving averages, negative MACD, RSI ~38) and earnings-call risks around DTC softness, higher distribution costs, and delayed benefits from the distribution network transformation.
Positive Factors
Brand Leadership
Category leadership across major U.S. consumer segments supports durable brand relevance and pricing power. Continued share gains and strong positions in men's, women's and youth provide a foundation for repeat purchases, product expansion, and sustained wholesale and direct-to-consumer demand.
Negative Factors
Limited Top-Line Momentum
Muted multi-year revenue growth indicates that recent earnings improvement has relied more on margin recovery and efficiency than sustained demand expansion. Without faster top-line growth, operating leverage may be harder to extend and the company remains more exposed to shifts in consumer spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand Leadership
Category leadership across major U.S. consumer segments supports durable brand relevance and pricing power. Continued share gains and strong positions in men's, women's and youth provide a foundation for repeat purchases, product expansion, and sustained wholesale and direct-to-consumer demand.
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
$8.10B
Dividend Yield2.84%
Average Volume (3M)4.44M
Price to Earnings (P/E)13.9
Beta (1Y)1.02
Revenue Growth4.97%
EPS Growth25.92%
CountryUS
Employees19,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.52
Shares Outstanding99,502,080
10 Day Avg. Volume5,165,164
30 Day Avg. Volume4,435,844
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 Cap1.22
Enterprise Value/Revenue1.48
Enterprise Value/Gross Profit2.35
Enterprise Value/Ebitda9.45
Forecast
1Y Price Target
$26.23Price Target Upside24.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.57
Revenue Forecast (FY)$6.74B
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. primarily makes money by selling branded apparel and accessories through two main routes: (1) wholesale and (2) direct-to-consumer (DTC). In wholesale, the company sells merchandise (e.g., jeans, tops, outerwear, and related ite...
Levi Strauss & Co Earnings Call Summary
Earnings Call Date:Oct 07, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 27, 2027
Earnings Call Sentiment Positive
The call was broadly positive. Levi Strauss delivered mid-single-digit organic revenue growth, strong international and wholesale momentum, margin expansion, inventory improvement and solid full-year guidance. Management acknowledged meaningful DTC challenges in the U.S. and Europe, higher distribution costs, delayed network-transformation benefits and foreign-exchange pressure, but reported improving September trends and outlined targeted actions to address performance.Positive Updates
Organic Revenue Growth
Third-quarter net revenues increased 4% on a reported basis and 5% on an organic basis, delivering another quarter of mid-single-digit growth. Year-to-date organic revenue was up 7% versus the prior year.
Negative Updates
DTC Performance Below Expectations
Direct-to-consumer performance fell short of expectations in the quarter. Global DTC revenue grew 2%, while comparable sales were flat, driven by softer traffic trends in the U.S. and Europe.
Read all updates
Q3-2026 Updates
Positive
Negative
Organic Revenue Growth
Third-quarter net revenues increased 4% on a reported basis and 5% on an organic basis, delivering another quarter of mid-single-digit growth. Year-to-date organic revenue was up 7% versus the prior year.
Read all positive updates
Company Guidance
The company expects reported net revenues growth of approximately 7% for the full year versus its previous outlook of 7% to 7.5%, organic net revenues to be a little stronger at approximately 6%, gross margin of approximately 63% including approximately 80 basis points of net tariff refund benefit, adjusted SG&A as a percentage of revenue of approximately 51% including approximately 50 basis points of redeployment, adjusted EBIT margin slightly above the previous guidance at approximately 12.1% including approximately 30 basis points of net tariff refund benefit, and adjusted diluted earnings per share in the range of $1.54 to $1.56 including a $0.04 net tariff refund benefit; for the fourth quarter, reported net revenues are expected to be approximately 3%, organic net revenues approximately 4%, gross margin approximately 61.8%, adjusted SG&A includes approximately $30 million of tariff refund redeployment costs, adjusted EBIT margin approximately 11.4% to 11.6% including 180 basis points of net tariff refund redeployment costs, and adjusted diluted EPS approximately $0.36 to $0.38 including $0.07 of net tariff refund redeployment; DTC is expected to return to at least mid-single-digit growth in the fourth quarter and deliver high single-digit growth for the full year, while the DTC channel is expected to grow at a high single-digit rate for the full year, including mid-single-digit growth in the fourth quarter, and the company remains on track to deliver its annual algorithm of mid-single-digit revenue growth with a clear path to 15% operating margins over time.Levi Strauss & Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
62
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.68B | 6.28B | 6.36B | 6.18B | 6.17B | 5.76B |
| Gross Profit | 4.20B | 3.88B | 3.82B | 3.52B | 3.55B | 3.35B |
| EBITDA | 1.04B | 888.90M | 454.00M | 476.40M | 834.20M | 796.30M |
| Net Income | 589.70M | 578.10M | 210.60M | 249.60M | 569.10M | 553.54M |
Balance Sheet | ||||||
| Total Assets | 6.93B | 6.85B | 6.38B | 6.05B | 6.04B | 5.90B |
| Cash, Cash Equivalents and Short-Term Investments | 779.30M | 848.80M | 690.00M | 398.80M | 500.20M | 901.82M |
| Total Debt | 2.33B | 2.31B | 2.21B | 2.18B | 2.09B | 2.24B |
| Total Liabilities | 4.51B | 4.57B | 4.41B | 4.01B | 4.13B | 4.23B |
| Stockholders Equity | 2.42B | 2.28B | 1.97B | 2.05B | 1.90B | 1.67B |
Cash Flow | ||||||
| Free Cash Flow | 659.10M | 324.30M | 670.90M | 121.90M | -39.00M | 570.40M |
| Operating Cash Flow | 868.10M | 545.70M | 898.40M | 435.50M | 228.10M | 737.30M |
| Investing Cash Flow | -353.60M | -68.70M | -281.10M | -240.70M | -235.70M | -571.80M |
| Financing Cash Flow | -484.80M | -416.30M | -319.30M | -214.10M | -365.40M | -840.90M |
Levi Strauss & Co Technical Analysis
Positive
21.10
Price Trends
20.31
Positive
22.02
Negative
21.37
Negative
Market Momentum
0.19
Negative
61.13
Neutral
89.60
Negative
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 21.1 is above the 20-day moving average (MA) of 19.94, above the 50-day MA of 20.31, and below the 200-day MA of 21.37, indicating a neutral trend. The MACD of 0.19 indicates Negative momentum. The RSI at 61.13 is Neutral, neither overbought nor oversold. The STOCH value of 89.60 is Negative, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $1.28B | 9.30 | 7.53% | 1.34% | -8.74% | -22.98% | |
70 Outperform | $4.16B | 15.71 | 45.96% | 2.79% | 15.62% | 6.80% | |
65 Neutral | $8.10B | 13.90 | 25.72% | 2.84% | 4.97% | 25.92% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $3.92B | -23.86 | -3.49% | 0.18% | 1.64% | -140.84% | |
51 Neutral | $6.79B | 24.66 | 15.95% | 2.09% | -0.16% | 212.77% | |
42 Neutral | $2.47M | -0.11 | -95.03% | ― | -21.18% | 65.21% |
* Consumer Cyclical Sector Average
LEVI
Levi Strauss & Co
21.13
0.28
1.33%
GIII
G-III Apparel Group
29.85
1.89
6.76%
PVH
PVH
84.98
-0.34
-0.40%
VFC
VF
17.26
1.02
6.28%
XELB
XCel Brands
0.36
-0.99
-73.56%
KTB
Kontoor Brands
76.04
-7.51
-8.99%
Levi Strauss & Co Corporate Events
Business Operations and StrategyExecutive/Board Changes
Levi Strauss Names New Executive Vice President CFO
Positive
Sep 30, 2026
Levi Strauss Co. announced on September 30, 2026, that John Vandemore will become Executive Vice President and Chief Financial Officer on November 1, 2026, succeeding Harmit Singh, who will retire after a brief advisory period through November 30...
Business Operations and StrategyExecutive/Board Changes
Levi Strauss Updates Board Leadership and Governance Structure
Neutral
Aug 18, 2026
On August 14, 2026, Levi Strauss Co. announced that longtime Class III director Robert Eckert retired from its Board upon reaching the company’s mandatory retirement age of 72. Eckert, who had served on the Board since 2010 and was chair un...
Business Operations and StrategyRegulatory Filings and Compliance
Levi Strauss Reports Contained Cybersecurity Incident, No Disruption
Negative
Aug 7, 2026
Levi Strauss Co. reported that it recently suffered a cybersecurity incident in which an unauthorized third party used social engineering to gain access to files via three employees’ company-issued computers. The company promptly activated ...
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.