Business segment information for the Company is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended May 31, 2026 | | Levi’s Brands | | | | Americas | | Europe | | Asia | | Total | | (Dollars in millions) | Segment net revenues | $ | 815.5 | | | $ | 420.2 | | | $ | 283.7 | | | $ | 1,519.4 | | Beyond Yoga® net revenues | | | | | | | 42.6 | | Total net revenues | | | | | | | $ | 1,562.0 | | | | | | | | | | Segment cost of goods sold | 353.7 | | | 106.6 | | | 97.7 | | | | Segment selling, general, and administrative | 297.7 | | | 224.8 | | | 143.5 | | | | | | | | | | | | | Segment operating income | $ | 164.1 | | | $ | 88.8 | | | $ | 42.5 | | | $ | 295.4 | | Beyond Yoga® operating loss | | | | | | | (2.4) | | Restructuring charges, net(1) | | | | | | | (13.5) | | | Corporate expenses | | | | | | | (157.3) | | | Interest expense | | | | | | | (12.9) | | | Other income (expense), net | | | | | | | 12.9 | | Income from continuing operations before income taxes | | | | | | | $ | 122.2 | |
____________ (1) For the three months ended May 31, 2026 restructuring charges, net consisted primarily of severance and post-employment benefit charges. | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended May 31, 2026 | | Levi’s Brands | | | | Americas | | Europe | | Asia | | Total | | (Dollars in millions) | Segment net revenues | $ | 1,671.2 | | | $ | 916.2 | | | $ | 631.2 | | | $ | 3,218.6 | | Beyond Yoga® net revenues | | | | | | | 85.9 | | Total net revenues | | | | | | | $ | 3,304.5 | | | | | | | | | | Segment cost of goods sold | 730.6 | | | 238.3 | | | 226.5 | | | | Segment selling, general, and administrative | 613.3 | | | 459.9 | | | 291.8 | | | | | | | | | | | | | Segment operating income | $ | 327.3 | | | $ | 218.0 | | | $ | 112.9 | | | $ | 658.2 | | Beyond Yoga® operating loss | | | | | | | (3.2) | | Restructuring charges, net(1) | | | | | | | (21.4) | | | Corporate expenses | | | | | | | (312.7) | | | Interest expense | | | | | | | (26.0) | | Other income (expense), net(2) | | | | | | | 55.5 | | Income from continuing operations before income taxes | | | | | | | $ | 350.4 | |
____________ (1) For the six months ended May 31, 2026 restructuring charges, net consisted primarily of severance and post-employment benefit charges. (2) For the six months ended May 31, 2026 other income (expense), net included a $33.0 million gain on legal settlement recorded during the first quarter. For more information refer to Note 13.
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 1, 2025 | | Levi’s Brands | | | | Americas | | Europe | | Asia | | Total | | (Dollars in millions) | Segment net revenues | $ | 748.4 | | | $ | 403.1 | | | $ | 257.7 | | | $ | 1,409.2 | | Beyond Yoga® net revenues | | | | | | | 36.8 | | Total net revenues | | | | | | | $ | 1,446.0 | | | | | | | | | | Segment cost of goods sold | 316.6 | | | 115.9 | | | 94.8 | | | | Segment selling, general, and administrative | 278.5 | | | 217.8 | | | 133.3 | | | | | | | | | | | | | Segment operating income | $ | 153.3 | | | $ | 69.4 | | | $ | 29.6 | | | $ | 252.3 | | Beyond Yoga® operating loss | | | | | | | (4.4) | | Restructuring charges, net(1) | | | | | | | (6.8) | | | Corporate expenses | | | | | | | (133.1) | | | Interest expense | | | | | | | (11.8) | | | Other income (expense), net | | | | | | | 6.3 | | Income from continuing operations before income taxes | | | | | | | $ | 102.5 | |
____________ (1)For the three months ended June 1, 2025 restructuring charges, net consisted primarily of severance, post-employment benefit charges, asset impairments and contract terminations in connection with the closures of distribution centers, offset by a gain on the sale of a previously closed distribution center, in connection with Project Fuel.
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