LEVI - Dividend announcements

Levi Strauss & Co. (LS&Co.) (NYSE:LEVI) today announced that Fitch Ratings has upgraded its Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+'. The investment grade rating accompanies an indication to the market that the company has a Stable Rating Outlook. "The upgrade from Fitch underscores our commitment to financial discipline while driving strategic growth across regions, channels and categories," said Harmit Singh, chief financial and growth officer of Levi Strauss & Co. "We are proud of the progress we've made in strengthening our financial foundation and improving the structural economics of our business, which accelerates our momentum to become a $10B company with 15% EBIT

2027 net revenue of $9 billion to $10 billion reflecting 6-8% organic annual growth Adjusted EBIT margin expansion to 15% by 2027 To expand DTC to 55% of total revenue, triple ecommerce sales by 2027 Board of Directors approves $750 million share repurchase authorization Company reaffirms annual guidance Levi Strauss & Co. (NYSE:LEVI) will host an Investor Day today at its New York City Showroom, featuring presentations by members of the leadership team that will review the company's key growth drivers, long-term strategic priorities and updated growth targets. The company will also reaffirm expectations for fiscal 2022 for net revenue growth of 11% to 13% compared to FY 2021 to

Levi Strauss & Co. (NYSE:LEVI) announced today that it will redeem the entire outstanding principal amount of its 5.00% Senior Notes due 2025 (the "Notes"). The redemption date for the Notes is September 30, 2021. The aggregate principal amount of the Notes outstanding is $200 million. The redemption price for the Notes will consist of 101.667% of the principal amount of the Notes outstanding, plus accrued and unpaid interest on the Notes, if any, up to, but excluding, the redemption date. The company plans to use cash on hand to fund the redemption of the Notes. "Our ability to generate strong cash flow has enabled the company to both invest in our organic business and fund our recently