Key facts
- Levi Strauss raised its fiscal 2026 net sales forecast to 7.0%-7.5% growth.
- Second-quarter net revenue increased 8% to $1.56 billion, exceeding analyst estimates.
- Adjusted earnings per share for the second quarter were 28 cents, beating expectations.
- Sales in the Americas rose 9%, Europe saw a 4% increase, and Asia sales jumped 10% in the quarter.
- PepsiCo reported second-quarter revenue of $24.18 billion, a 6.4% increase year-over-year.
Levi Strauss raised its annual net sales forecast for fiscal 2026 to 7.0%-7.5% growth, driven by steady denim demand and strong interest from Gen Z shoppers. The company's second-quarter net revenue increased 8% to $1.56 billion, surpassing analyst estimates of $1.52 billion. Adjusted earnings per share for the quarter were 28 cents, beating the 24 cents forecast.
Levi Strauss's direct-to-consumer business and expansion beyond denim are contributing to growth, with sales in the Americas rising 9%, Europe seeing a 4% increase, and Asia sales jumping 10% in the quarter. The company also revised its fiscal 2026 adjusted earnings per share guidance upward to a range of $1.46 to $1.52.
Meanwhile, PepsiCo beat Wall Street estimates for second-quarter revenue, which rose 6.4% to $24.18 billion, benefiting from improving demand for salty snacks and resilient demand for zero-sugar sodas. However, the company kept its annual forecasts unchanged and flagged that tightening consumer budgets due to rising inflationary pressures had held back its growth in North America.