Levi Strauss — Jan 28, 2026 release

For the full year, the company returned $363 million to shareholders, a 26% increase over prior year, including: • Dividends of $213 million, representing an annual dividend of $0.54 per share, up 7% from prior year; • Share repurchases of $150 million reflecting 7.2 million shares retired, up 67% from prior year. In line with the company’s capital allocation strategy, the company intends to enter into an accelerated share repurchase agreement (ASR) to repurchase $200 million of its Class A common stock. As of November 30, 2025, the company had $440 million remaining under its current share repurchase authorization, which has no expiration date. The company declared a dividend of $0.14 per share totaling approximately $55 million, payable in cash on February 25, 2026 to the holders of record of Class A common stock and Class B common stock at the close of business on February 10, 2026. Fiscal 2026 Guidance Guidance for 2026 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 20%. The following guidance is provided for the year ending November 29, 2026: • Reported net revenues growth: 5% to 6% • Organic net revenues growth: 4% to 5% • Gross margin: flat to prior year • Adjusted EBIT margin: expanding to 11.8% to 12% • Tax rate: approximately 23%, 2 points higher than prior year • Adjusted diluted EPS: $1.40 to $1.46. This includes an approximate $0.04 headwind from a higher tax rate. This outlook also assumes no significant worsening of macro-economic pressures on the consumer, inflationary pressures, supply