Levi Strauss Q3: $78.6M Tariff Refund Boosts Margins, ASR Settled
LEVI sits 16% above its 52-week low of $17.72 on elevated volume (5.7× avg).
Summary
Levi Strauss reported Q3 revenue of $1.61 billion and adjusted EPS of $0.48, boosted by a $78.6 million tariff refund. The company settled its $200 million ASR and flagged Beyond Yoga impairment risk.
Updates
· SEC 8-K — Levi Strauss filed an 8-K with Q3 results, raised FY26 adjusted EPS guidance to $1.54-$1.56, and announced a $100 million accelerated share repurchase.
Key Events · Earnings and Guidance · LEVI
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Q3 Revenue and EPS Beat
Net revenues rose 4.3% to $1.61 billion; adjusted diluted EPS of $0.48 versus $0.34 a year ago.
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IEEPA Tariff Refund
$78.6 million of previously paid tariffs recorded as a reduction of cost of goods sold, adding 490 basis points to operating margin.
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ASR Settlement
Settled the $200 million accelerated share repurchase, retiring an additional 1.6 million shares at an average price of $21.32.
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Beyond Yoga Impairment Risk
Fair value of the Beyond Yoga reporting unit remains less than 10% above carrying value, indicating potential future impairment.
Analysis · LEVI · Manufacturing
A one-time $78.6 million IEEPA tariff refund lifted Levi Strauss's third-quarter operating margin by 490 basis points, helping adjusted diluted EPS climb to $0.48 from $0.34 a year earlier. Net revenues rose 4.3% to $1.61 billion. The company also settled its $200 million accelerated share repurchase, retiring an additional 1.6 million shares at an average price of $21.32. Beyond Yoga's fair value remains less than 10% above carrying value, a potential future impairment risk.
How filings like this one have moved
In the 30 days to Oct 7, 2026, 29% of the 1648 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.62%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LEVI was trading at $20.50 on NYSE in the Manufacturing sector, with a market capitalization of approximately $7.5B. The 52-week trading range was $17.72 to $25.70. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.