Levi Strauss — Jan 29, 2025 release

Balance Sheet Review as of December 1, 2024 • Cash and cash equivalents were $690 million, while total liquidity was approximately $1.5 billion. • Total inventories decreased 4% on a dollar basis. Shareholder Returns In the fourth quarter, the company returned $51 million to shareholders in the form of dividends representing a dividend of $0.13 per share, up 8% from prior year, and share repurchases of approximately $30 million reflecting 1.6 million shares retired. For the full year, the company returned $289 million to shareholders, a 45% increase over prior year, including: • Dividends of $199 million, representing annual dividends of $0.50 per share, up 4% from prior year, and • Share repurchases of $90 million reflecting 4.8 million shares retired. As of December 1, 2024, the company had $590 million remaining under its current share repurchase authorization, which has no expiration date. The company declared a dividend of $0.13 per share totaling approximately $51 million, payable in cash on February 28, 2025 to the holders of record of Class A common stock and Class B common stock at the close of business February 12, 2025. Fiscal 2025 Guidance The company is introducing organic net revenue guidance to better reflect the underlying growth of the company by excluding year-over-year non-comparable items. Fiscal 2025 organic net revenue guidance excludes the impacts from foreign exchange, divested businesses, acquisitions, and the lack of a 53 rd week. The following guidance is provided for the year ending November 30, 2025: •