Levi Strauss — Apr 7, 2026 release

has initiated a search for his successor. Shareholder Returns In the first quarter, the company returned $214 million to shareholders, a 163% increase over prior year, including: • Dividends of $54 million, representing a dividend of $0.14 per share, up 5% from prior year; • The company launched a $200 million accelerated share repurchase program, and took delivery of and retired approximately 8 million shares which had an aggregate cost of $160 million based on the January 29, 2026 closing share price. The remaining shares are expected to be settled at the end of the program. As of March 1, 2026, the company had $240 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 $54 million, payable in cash on May 6, 2026 to the holders of record of Class A common stock and Class B common stock at the close of business on April 22, 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: Raised to 5.5% to 6.5%, up from 5% to 6% • Organic net revenues growth: Raised to 4.5% to 5.5%, up from 4% to 5% • Gross margin: Raised to f