Levi Strauss — Apr 7, 2025 release

While we recognize that we are operating in an uncertain environment, our global footprint, strong margin structure, and agile supply chain position us to navigate the balance of the year and beyond.” “We delivered significant margin expansion and double-digit earnings growth in the first quarter, and the strong momentum continued through March,” said Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co . “Looking forward, we are maintaining our 2025 top- and bottom-line guidance, which excludes any impact from the recent tariff announcements, and we anticipate minimal impact to our Q2 margin outlook. In addition, our strong balance sheet, improved structural economics and the underlying strength of our business all give us confidence in our path forward.” Financial Highlights • Net Revenues of $1.5 billion were up 3% on a reported basis and 9% on an organic basis versus Q1 2024. The Levi’s ® brand was up 8% globally on an organic basis. • In the Americas , net revenues increased 6% on a reported basis and 11% on an organic basis. Within the Americas, the U.S. grew 8% on an organic basis. • In Europe , net revenues decreased 5% on a reported basis and increased 3% on an organic basis. • Asia net revenues increased 7% on a reported basis and 10% on an organic basis. • Beyond Yoga® net revenues increased 10% on a reported and organic basis. • DTC (Direct-to-Consumer) net revenues increased 9% on a reported basis and 12% on an organic basis. DTC growth on an organic basis reflected an 8% increase in the U.S., an 11% increase in Europe and a 14% increase in Asia. Net revenues from e-commerce grew 13% on a reported basis and 16% on an organic basis. DTC comprised 52% of total net revenues in the first quarter. • Wholesale net revenues decreased 3% on a repo