DTC net revenues increased 35%, driven by both company-operated stores and e-commerce.

first quarter earnings: “The strength of our brands and strategy position us to deliver sustainable growth well into the future." Financial Highlights for the First Quarter • Reported net revenues of $1.6 billion up 22%, and 26% on a constant-currency basis, versus Q1 2021 driven by strong growth across all geographical segments ◦ Global Direct-to-Consumer reported net revenues up 35% versus Q1 2021; reflecting a 48% increase in company-operated stores and a 10% increase in e-commerce ◦ Global Wholesale reported net revenues up 15% versus Q1 2021 ◦ Net revenues through all digital channels grew 16% and represented approximately 25% of total first quarter net revenues ◦ Supply chain constraints impacted net revenues by approximately $60 million • Gross margin was 59.3%; Adjusted gross margin was 59.4%, up 170 basis points from Q1 2021 • Operating margin was 14.7% ; Adjusted EBIT margin of 14.9% , up from 13.3% in Q1 2021 • Net income was $196 million; Adjusted net income was $189 million up from $140 million in Q1 2021 • The effective income tax rate was 20.4% compared to 7.9% in Q1 2021 • Diluted EPS was $0.48 ; Adjusted diluted EPS was $0.46 , up from $0.34 in Q1 2021 "We achieved excellent financial results in the first quarter, driving strong double-digit revenue growth and record gross margin enabling us to deliver adjusted EBIT margin of 14.9 percent," said Harmit Singh, chief financial officer of Levi Strauss & Co.” Previous: “The strength of our brands and strategy position us to deliver sustainable growth well into the future." Financial Highlights for the First Quarter • Reported net revenues of $1.6 billion up 22%, and 26% on a constant-currency basis, versus Q1 2021 driven by strong growth across all geographical segments ◦ Global Direct-to-Consumer reported net revenues up 35% versus Q1 2021; reflecting a 48% increase in company-operated stores and a 10% increase in e-commerce ◦ Global Wholesale reported net revenues up 15% versus Q1 2021 ◦ Net revenues through all digital channels grew 16% and represented approximately 25% of total first quarter net revenues ◦ Supply chain constraints impacted net revenues by approximately $60 million • Gross margin was 59.3%; Adjusted gross margin was 59.4%, up 170 basis points from Q1 2021 • Operating margin was 14.7% ; Adjusted EBIT margin of 14.9% , up from 13.3% in Q1 2021 • Net income was $196 million; Adjusted net income was $189 million up from $140 million in Q1 2021 • The effective income tax rate was 20.4% compared to 7.9% in Q1 2021 • Diluted EPS was $0.48 ; Adjusted diluted EPS was $0.46 , up from $0.34 in Q1 2021 "We achieved excellent financial results in the first quarter, driving strong double-digit revenue growth and record gross margin enabling us to deliver adjusted EBIT margin of 14.9 percent," said Harmit Singh, chief financial officer of Levi Strauss & Co.”