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Net Revenues | 9 Months Ended
--- | ---
Aug. 31, 2025
Revenue from Contract with Customer [Abstract] |
Net Revenues | NET REVENUES Disaggregated Revenue The table below provides the Company’s revenues disaggregated by segment and channel.
| Three Months Ended August 31, 2025
| Levi’s Brands |  |  |  |
| Americas |  | Europe |  | Asia |  | Beyond Yoga® |  | Total
| (Dollars in millions)
Net revenues by channel: |  |  |  |  |  |  |  |  |
Wholesale | $ | 472.7 |  |  | $ | 213.3 |  |  | $ | 134.7 |  |  | $ | 11.5 |  |  | $ | 832.2 |
Direct-to-consumer | 333.7 |  |  | 213.0 |  |  | 143.0 |  |  | 21.5 |  |  | 711.2 |
Total net revenues | $ | 806.4 |  |  | $ | 426.3 |  |  | $ | 277.7 |  |  | $ | 33.0 |  |  | $ | 1,543.4 |
| Nine Months Ended August 31, 2025
| Levi’s Brands |  |  |  |
| Americas |  | Europe |  | Asia |  | Beyond Yoga® |  | Total
| (Dollars in thousands)
Net revenues by channel: |  |  |  |  |  |  |  |  |
Wholesale | $ | 1,338.3 |  |  | $ | 561.9 |  |  | $ | 365.2 |  |  | $ | 36.0 |  |  | $ | 2,301.4 |
Direct-to-consumer | 999.5 |  |  | 668.0 |  |  | 478.3 |  |  | 69.0 |  |  | 2,214.8 |
Total net revenues | $ | 2,337.8 |  |  | $ | 1,229.9 |  |  | $ | 843.5 |  |  | $ | 105.0 |  |  | $ | 4,516.2 |
| Three Months Ended August 25, 2024
| Levi’s Brands |  |  |  |
| Americas |  | Europe |  | Asia |  | Beyond Yoga® |  | Total
| (Dollars in millions)
Net revenues by channel: |  |  |  |  |  |  |  |  |
Wholesale | $ | 450.4 |  |  | $ | 215.2 |  |  | $ | 123.8 |  |  | $ | 14.7 |  |  | $ | 804.1 |
Direct-to-consumer | 306.8 |  |  | 191.4 |  |  | 123.3 |  |  | 17.5 |  |  | 639.0 |
Total net revenues | $ | 757.2 |  |  | $ | 406.6 |  |  | $ | 247.1 |  |  | $ | 32.2 |  |  | $ | 1,443.1 |
| Nine Months Ended August 25, 2024
| Levi’s Brands |  |  |  |
| Americas |  | Europe |  | Asia |  | Beyond Yoga® |  | Total
| (Dollars in thousands)
Net revenues by channel: |  |  |  |  |  |  |  |  |
Wholesale | $ | 1,289.9 |  |  | $ | 574.8 |  |  | $ | 368.3 |  |  | $ | 40.3 |  |  | $ | 2,273.3 |
Direct-to-consumer | 915.3 |  |  | 609.0 |  |  | 427.6 |  |  | 56.9 |  |  | 2,008.8 |
Total net revenues | $ | 2,205.2 |  |  | $ | 1,183.8 |  |  | $ | 795.9 |  |  | $ | 97.2 |  |  | $ | 4,282.1 |
The Company did not have any material contract assets or contract liabilities recorded in the consolidated balance sheets as of August 31, 2025 and December 1, 2024

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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