Levi Strauss — Oct 7, 2026 release

Fiscal 2026 Guidance Guidance for 2026 is based on continuing operations, reflecting the Dockers ® business being reported in discontinued operations. Guidance includes the impact of IEEPA tariff refunds of which the company is redeploying approximately $60 million for the full year, including approximately $35 million for the fourth quarter. This assumes current tariff rates remain in effect for the remainder of the year. 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 Approximately 7.0%, due to the impact of foreign exchange 7.0% to 7.5% Organic net revenues growth Approximately 6.0% 5.5% to 6.0% Gross margin Raised to up 130 basis points to prior year Up 10 basis points to prior year Adjusted EBIT margin Expanding to approximately 12.1%, up 70 basis points to prior year Expanding to 12%, up 60 basis points to prior year Tax rate Approximately 23%, 2 points higher than prior year Approximately 23%, 2 points higher than prior year Adjusted diluted EPS Raised to $1.54 to $1.56 This includes an approximate $0.04 headwind from a higher tax rate $1.46 to $1.52 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 chain disruptions, potential tariffs or currency fluctuations. A reconciliation of non-GAAP forward lo