REPORTS SECOND-QUARTER 2022 FINANCIAL RESULTS REPORTED NET REVENUES OF $1.5B INCREASES 15%, UP 20% IN CONSTANT CURRENCY VS.

second quarter earnings: “By continuing to advance our most impactful growth drivers - being brand-led, direct to consumer first and diversifying the portfolio, we are well-positioned to continue to drive growth and create significant value for all our stakeholders." Financial Highlights for the Second-Quarter • Reported net revenues of $1.5 billion up 15%, and up 20% on a constant-currency basis, versus Q2 2021 driven by growth across all business segments ◦ Global Direct-to-Consumer reported net revenues up 16% versus Q2 2021 reflecting a 23% increase in company-operated stores ◦ Global Wholesale reported net revenues up 15% versus Q2 2021 ◦ Net revenues through all digital channels represented approximately 20% of total second quarter net revenues, up 3% on top of 75% growth in the same quarter of the prior year • Gross margin was 58.1%; Adjusted gross margin was 58.2%, flat from Q2 2021 • Operating margin was 5.2% ; Adjusted EBIT margin was a Q2 record 9.9% , up from 9.0% in Q2 2021 • Net income was $50 million; Adjusted net income was $117 million , up from $93 million in Q2 2021 • Russia-Ukraine charges of $60 million ($0.15 per diluted share) related to the crisis, primarily full impairment of store assets, PP&E and goodwill • Diluted EPS was $0.12; Adjusted diluted EPS was $0.29 , up from $0.23 in Q2 2021 "We delivered another solid quarter, growing reported net revenues 15% and adjusted EBIT 27%, while returning $80 million in capital to shareholders," said Harmit Singh, chief financial officer of Levi Strauss & Co .” Previous: “By continuing to advance our most impactful growth drivers - being brand-led, direct to consumer first and diversifying the portfolio, we are well-positioned to continue to drive growth and create significant value for all our stakeholders." Financial Highlights for the Second-Quarter • Reported net revenues of $1.5 billion up 15%, and up 20% on a constant-currency basis, versus Q2 2021 driven by growth across all business segments ◦ Global Direct-to-Consumer reported net revenues up 16% versus Q2 2021 reflecting a 23% increase in company-operated stores ◦ Global Wholesale reported net revenues up 15% versus Q2 2021 ◦ Net revenues through all digital channels represented approximately 20% of total second quarter net revenues, up 3% on top of 75% growth in the same quarter of the prior year • Gross margin was 58.1%; Adjusted gross margin was 58.2%, flat from Q2 2021 • Operating margin was 5.2% ; Adjusted EBIT margin was a Q2 record 9.9% , up from 9.0% in Q2 2021 • Net income was $50 million; Adjusted net income was $117 million , up from $93 million in Q2 2021 • Russia-Ukraine charges of $60 million ($0.15 per diluted share) related to the crisis, primarily full impairment of store assets, PP&E and goodwill • Diluted EPS was $0.12; Adjusted diluted EPS was $0.29 , up from $0.23 in Q2 2021 "We delivered another solid quarter, growing reported net revenues 15% and adjusted EBIT 27%, while returning $80 million in capital to shareholders," said Harmit Singh, chief financial officer of Levi Strauss & Co .”