LEVI STRAUSS & CO Earnings Per Share Disclosure
| Year Ended | |||||||||||||||||
| November 30, 2025 | December 1, 2024 | November 26, 2023 | |||||||||||||||
| (Dollars in millions, except per share amounts) | |||||||||||||||||
| Numerator: | |||||||||||||||||
Net income from continuing operations | $ | 502.0 | $ | 210.4 | $ | 250.6 | |||||||||||
Net income (loss) from discontinued operations, net of taxes | 76.1 | 0.2 | (1.0) | ||||||||||||||
Net income | $ | 578.1 | $ | 210.6 | $ | 249.6 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted-average common shares outstanding - basic | 395,524,593 | 398,233,739 | 397,208,535 | ||||||||||||||
| Dilutive effect of stock awards | 4,224,667 | 4,134,864 | 4,514,632 | ||||||||||||||
| Weighted-average common shares outstanding - diluted | 399,749,260 | 402,368,603 | 401,723,167 | ||||||||||||||
Earnings per common share: | |||||||||||||||||
Continuing operations - Basic | $ | 1.27 | $ | 0.53 | $ | 0.63 | |||||||||||
Discontinued operations - Basic | 0.19 | — | — | ||||||||||||||
Net income - Basic | $ | 1.46 | $ | 0.53 | $ | 0.63 | |||||||||||
Continuing operations - Diluted | $ | 1.26 | $ | 0.52 | $ | 0.62 | |||||||||||
Discontinued operations - Diluted | 0.19 | — | — | ||||||||||||||
Net income - Diluted | $ | 1.45 | $ | 0.52 | $ | 0.62 | |||||||||||
Anti-dilutive securities excluded from calculation of diluted earnings per share | 3,740,183 | 4,119,726 | 5,408,781 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 28, 2026 | Showing above |
| 2024 | Jan 29, 2025 | |
| 2023 | Jan 25, 2024 | |
| 2022 | Jan 25, 2023 | |
| 2021 | Jan 26, 2022 | |
| 2020 | Jan 27, 2021 | |
| 2019 | Jan 30, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.