Q1: 2026-04-07 Earnings Summary
EPS of $0.42 beats by $0.05
| Revenue of $1.74B (14.13% Y/Y) beats by $91.90M
Levi Strauss & Co. (LEVI) J.P. Morgan Retail Round Up Forum 2026 April 9, 2026 11:00 AM EDT
Company Participants
Michelle Gass – CEO, President & Director
Harmit Singh – Executive VP & Chief Financial & Growth Officer
Conference Call Participants
Matthew Boss – JPMorgan Chase & Co, Research Division
Presentation
Matthew Boss
JPMorgan Chase & Co, Research Division
Okay. Great. Thanks. It’s Matt Boss, retailing, department stores and specialty softlines here at JPMorgan. Really happy to host today the team from Levi’s, CEO, Michelle Gass; and CFO and Growth Officer, Harmit Singh. So the format for today is fireside chat, and we’ll open it up at the end for questions in the audience. But with that, Michelle, Harmit, thank you for joining us, and thanks for joining again at the Retail Roundup. And congrats coming off of another very strong quarter.
Michelle Gass
CEO, President & Director
Thanks for having us, Matt.
Question-and-Answer Session
Matthew Boss
JPMorgan Chase & Co, Research Division
Absolutely. Yes. So maybe to kick off and exactly on that point, coming off of the strength in the last quarter, the organic growth rate, another quarter of high-single digits. Maybe if we think about growth building on growth, the strength in ’25, the strength now to kick off ’26, how best to think about your results relative to the denim market, what you think is company-specific, what maybe is industry?
Michelle Gass
CEO, President & Director
Yes. Well, so first, I’d say we are really pleased to deliver a 9% organic, 14% reported and to your point, coming off of a 7% growth last year. I’d first say that this is a direct result of our strategies. Our strategies are gaining traction. The strategies are working. And first, I would say this move to become a best-in-class DTC-first retailer. So DTC is now half our business. It will be half our business
