Levi Strauss — Jul 10, 2025 release

As previously announced, the company intends to use at least $100 million of the net proceeds from the sale of Dockers ® to return to shareholders which is expected to be in the form of share repurchases. For Q3, the company has declared an increase in the dividend to $0.14 per share totaling approximately $55 million. The dividend is payable in cash on August 8, 2025, to the holders of record of Class A common stock and Class B common stock at the close of business on July 24, 2025. Updated Fiscal 2025 Guidance Guidance for 2025 is based on continuing operations, reflecting the Dockers® business being reported in discontinued operations. Guidance assumes U.S. tariffs on imports from China remain at 30% and Rest-of-World at 10% for the remainder of the year. • Reported net revenue growth raised by three percentage points: 1% to 2%, up from (1%) to (2%) • Organic net revenue growth raised by one percentage point: 4.5% to 5.5%, up from 3.5% to 4.5% • Gross margin: Expansion of 80 basis points, from a previous expectation of up 100 basis points, due to a 20 basis point impact from tariffs, after mitigation plans • Adjusted EBIT margin: Maintained at 11.4% to 11.6%, up 70 to 90 basis points to prior year • Tax rate: Maintained at approximately 23% • Adjusted diluted EPS raised by $0.05: $1.25 to $1.30, up from $1.20 to $1.25 This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, recessionary concerns