Levi Strauss — Jul 8, 2026 release

Shareholder Returns In the second quarter, the company returned $53.9 million in the form of dividends to shareholders, a 5% increase over prior year, representing a dividend of $0.14 per share. The $200 million accelerated share repurchase program launched in the first quarter of 2026 is expected to be settled in the third quarter. As of May 31, 2026, the company had $240 million remaining under its current share repurchase authorization, which has no expiration date. The company declared a dividend of $0.16 per share, a 14% increase over prior year, totaling approximately $62 million, payable in cash on August 5, 2026 to the holders of record of Class A common stock and Class B common stock at the close of business on July 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: Metric Updated FY 2026 Guidance Previous FY 2026 Guidance Reported net revenues growth Raised to 7.0% to 7.5% 5.5% to 6.5% Organic net revenues growth Raised to 5.5% to 6.0% 4.5% to 5.5% Gross margin Raised to up 10 basis points to prior year Flat to slightly up to prior year Adjusted EBIT margin Expanding to 12%, up 60 basis points to prior year Expanding to approximately 12% Tax rate Approximately 23%, 2 points higher than prior year Approximately 23%, 2 points hig