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Pay vs Performance Disclosure
 2 Months Ended 10 Months Ended 12 Months Ended
Jan. 29, 2024
USD ($)
Dec. 01, 2024
USD ($)
Nov. 30, 2025
USD ($)
$ / shares
Dec. 01, 2024
USD ($)
$ / shares
Nov. 26, 2023
USD ($)
$ / shares
Nov. 27, 2022
USD ($)
$ / shares
Nov. 28, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure [Table]              
Pay vs Performance Disclosure, Table    

PAY VERSUS PERFORMANCE DISCLOSURE

 

In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we are providing the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and Non-PEO NEOs and Company performance for the fiscal years listed below.

 

    SUMMARY                       AVERAGE     AVERAGE     VALUE OF INITIAL
FIXED $100
INVESTMENT
BASED ON:(4)		            
YEAR
(a)		   COMPENSATION
TABLE
TOTAL FOR
MR. BERGH(1)
($)
(b)		     SUMMARY
COMPENSATION
TABLE TOTAL FOR
MS. GASS(1)
($)
(c)		     COMPENSATION
ACTUALLY PAID TO
MR. BERGH(1)(2)(3)
($)
(d)		     COMPENSATION
ACTUALLY PAID TO
MS. GASS(1)(2)(3)
($)
(e)		     SUMMARY
COMPENSATION
TABLE TOTAL FOR
NON-PEO NEOS(1)
($)
(f)		     COMPENSATION
ACTUALLY PAID
TO NON-PEO
NEOS(1)(2)(3)
($)
(g)		     TSR
($)
(h)		     PEER
GROUP
TSR
($)
(i)		     NET INCOME
($ MILLIONS)
(j)		     ADJUSTED
EBIT(5)
(k)
2025   -     16,145,173     -     26,874,901     4,529,297     6,921,026     129.91     53.31     578.1     719.0
2024   3,128,419     13,704,334     6,973,804     16,072,805     4,376,153     4,849,623     100.01     52.77     210.6     645.4
2023   15,623,233     -     10,937,841     -     12,641,859     11,084,803     85.76     55.82     249.6     554.8
2022   15,867,418     -     (5,530,077)     -     3,661,501     (417,726)     86.99     68.63     569.1     713.0
2021   16,331,831     -     33,799,905     -     4,553,330     6,965,116     143.37     112.66     553.5     712.9
        
Company Selected Measure Name     Adjusted EBIT        
Named Executive Officers, Footnote    

Charles (“Chip”) V. Bergh (First PEO) was our CEO from 2011 to January 29, 2024, and Michelle Gass (“Second PEO”) has been our CEO since that date. The individuals comprising the Non-PEO NEOs for each year presented are listed below.

 

2021 2022 2023 2024 2025
Harmit Singh Harmit Singh Harmit Singh Harmit Singh Harmit Singh
Elizabeth O’Neill Elizabeth O’Neill Elizabeth O’Neill Gianluca Flore Gianluca Flore
Seth Ellison Seth Ellison Michelle Gass Elizabeth O’Neill Elizabeth O’Neill
Jennifer Sey Seth Jaffe Tracy Layney David Jedrzejek David Jedrzejek
        
Peer Group Issuers, Footnote     The Peer Group TSR set forth in this table utilizes the S&P 500 Apparel, Accessories and Luxury Goods, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the fiscal year ended November 30, 2025. The comparison assumes $100 was invested for the period starting November 29, 2020, through the end of the listed year in the Company and in the S&P 500 Apparel, Accessories and Luxury Goods, respectively. Historical stock performance is not necessarily indicative of future stock performance.        
Adjustment To PEO Compensation, Footnote    

Year   SUMMARY COMPENSATION
TABLE TOTAL
MS. GASS
($)		   EXCLUSION OF STOCK
AWARDS AND OPTION
AWARDS FOR MS. GASS
($)		   INCLUSION OF
EQUITY VALUES FOR
MS. GASS
($)		   COMPENSATION
ACTUALLY PAID
TO MS. GASS
($)
2025   16,145,173   (11,274,217)   22,003,945   26,874,901

 

 

Year   AVERAGE SUMMARY
COMPENSATION TABLE TOTAL
FOR NON-PEO NEOS
($)		   AVERAGE EXCLUSION OF
STOCK AWARDS AND OPTION
AWARDS FOR NON-PEO NEOS
($)		   AVERAGE INCLUSION OF
EQUITY VALUES FOR
NON-PEO NEOS
($)		   AVERAGE COMPENSATION
ACTUALLY PAID TO
NON-PEO NEOS
($)
2025   4,529,297   (2,388,327)   4,780,056   6,921,026

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year       YEAR-END FAIR VALUE OF
EQUITY AWARDS GRANTED
DURING YEAR THAT REMAINED
UNVESTED AS OF LAST DAY OF
YEAR FOR MS. GASS
($)		       CHANGE IN FAIR VALUE
FROM LAST DAY OF PRIOR
YEAR TO LAST DAY OF YEAR
OF UNVESTED EQUITY
AWARDS FOR MS. GASS
($)		       CHANGE IN FAIR VALUE FROM
LAST DAY OF PRIOR YEAR TO
VESTING DATE OF UNVESTED
EQUITY AWARDS THAT VESTED
DURING YEAR FOR MS. GASS
($)		       TOTAL - INCLUSION OF
EQUITY VALUES FOR
MS. GASS
($)
2025   14,049,516   7,913,577   40,852   22,003,945

 

Year     AVERAGE YEAR-END FAIR
VALUE OF EQUITY AWARDS
GRANTED DURING YEAR
THAT REMAINED UNVESTED
AS OF LAST DAY OF YEAR
FOR NON-PEO NEOS
($)		     AVERAGE CHANGE IN
FAIR VALUE FROM LAST DAY
OF PRIOR YEAR TO LAST DAY OF
YEAR OF UNVESTED EQUITY
AWARDS FOR NON-PEO NEOS
($)		     AVERAGE VESTING-DATE
FAIR VALUE OF EQUITY
AWARDS GRANTED
DURING YEAR
THAT VESTED DURING YEAR
FOR NON-PEO NEOS
($)		     AVERAGE CHANGE
IN FAIR VALUE
FROM LAST DAY OF
PRIOR YEAR TO VESTING
DATE OF UNVESTED
EQUITY AWARDS THAT
VESTED DURING YEAR
FOR NON-PEO NEOS
($)		     TOTAL - AVERAGE
INCLUSION OF EQUITY
VALUES FOR NON-PEO
NEOS
($)
2025   2,754,975   1,854,909   182,155   (11,983)   4,780,056
        
Non-PEO NEO Average Total Compensation Amount     $ 4,529,297 $ 4,376,153 $ 12,641,859 $ 3,661,501 $ 4,553,330
Non-PEO NEO Average Compensation Actually Paid Amount     $ 6,921,026 4,849,623 11,084,803 (417,726) 6,965,116
Adjustment to Non-PEO NEO Compensation Footnote    

Year   SUMMARY COMPENSATION
TABLE TOTAL
MS. GASS
($)		   EXCLUSION OF STOCK
AWARDS AND OPTION
AWARDS FOR MS. GASS
($)		   INCLUSION OF
EQUITY VALUES FOR
MS. GASS
($)		   COMPENSATION
ACTUALLY PAID
TO MS. GASS
($)
2025   16,145,173   (11,274,217)   22,003,945   26,874,901

 

 

Year   AVERAGE SUMMARY
COMPENSATION TABLE TOTAL
FOR NON-PEO NEOS
($)		   AVERAGE EXCLUSION OF
STOCK AWARDS AND OPTION
AWARDS FOR NON-PEO NEOS
($)		   AVERAGE INCLUSION OF
EQUITY VALUES FOR
NON-PEO NEOS
($)		   AVERAGE COMPENSATION
ACTUALLY PAID TO
NON-PEO NEOS
($)
2025   4,529,297   (2,388,327)   4,780,056   6,921,026

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

Year       YEAR-END FAIR VALUE OF
EQUITY AWARDS GRANTED
DURING YEAR THAT REMAINED
UNVESTED AS OF LAST DAY OF
YEAR FOR MS. GASS
($)		       CHANGE IN FAIR VALUE
FROM LAST DAY OF PRIOR
YEAR TO LAST DAY OF YEAR
OF UNVESTED EQUITY
AWARDS FOR MS. GASS
($)		       CHANGE IN FAIR VALUE FROM
LAST DAY OF PRIOR YEAR TO
VESTING DATE OF UNVESTED
EQUITY AWARDS THAT VESTED
DURING YEAR FOR MS. GASS
($)		       TOTAL - INCLUSION OF
EQUITY VALUES FOR
MS. GASS
($)
2025   14,049,516   7,913,577   40,852   22,003,945

 

Year     AVERAGE YEAR-END FAIR
VALUE OF EQUITY AWARDS
GRANTED DURING YEAR
THAT REMAINED UNVESTED
AS OF LAST DAY OF YEAR
FOR NON-PEO NEOS
($)		     AVERAGE CHANGE IN
FAIR VALUE FROM LAST DAY
OF PRIOR YEAR TO LAST DAY OF
YEAR OF UNVESTED EQUITY
AWARDS FOR NON-PEO NEOS
($)		     AVERAGE VESTING-DATE
FAIR VALUE OF EQUITY
AWARDS GRANTED
DURING YEAR
THAT VESTED DURING YEAR
FOR NON-PEO NEOS
($)		     AVERAGE CHANGE
IN FAIR VALUE
FROM LAST DAY OF
PRIOR YEAR TO VESTING
DATE OF UNVESTED
EQUITY AWARDS THAT
VESTED DURING YEAR
FOR NON-PEO NEOS
($)		     TOTAL - AVERAGE
INCLUSION OF EQUITY
VALUES FOR NON-PEO
NEOS
($)
2025   2,754,975   1,854,909   182,155   (11,983)   4,780,056
        
Compensation Actually Paid vs. Total Shareholder Return    

 

PEO and Average Non-PEO NEO Compensation Actually Paid Versus TSR
(11/29/2020 Indexed to $ 100)

 

        
Compensation Actually Paid vs. Net Income    

 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Net Income

 

        
Compensation Actually Paid vs. Company Selected Measure    

 

PEO and Average Non-PEO NEO Compensation Actually Paid
Versus Adjusted EBIT(1)

 

  

        
Tabular List, Table    

TABULAR LIST OF MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES

 

The following table presents the financial performance measures that the Company considers the most important in linking Compensation Actually Paid to our PEO and other NEOs for 2025 to Company performance. The measures in this table are not ranked.

 

PERFORMANCE MEASURES
Adjusted Earnings Before Income and Taxes (EBIT)
Net Revenues
Cash Conversion Cycle
        
Total Shareholder Return Amount     $ 129.91 100.01 85.76 86.99 143.37
Peer Group Total Shareholder Return Amount     53.31 52.77 55.82 68.63 112.66
Net Income (Loss)     $ 578,100,000 $ 210,600,000 $ 249,600,000 $ 569,100,000 $ 553,500,000
Company Selected Measure Amount | $ / shares     719.0 645.4 554.8 713.0 712.9
Additional 402(v) Disclosure     The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Total column set forth in the Summary Compensation Table with certain adjustments as described in footnote 3 below.        
Measure [Axis]: 1              
Pay vs Performance Disclosure [Table]              
Measure Name     Adjusted Earnings Before Income and Taxes (EBIT)        
Non-GAAP Measure Description [Text Block]     We determined Adjusted EBIT to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our NEOs in 2025. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.        
Measure [Axis]: 2              
Pay vs Performance Disclosure [Table]              
Measure Name     Net Revenues        
Measure [Axis]: 3              
Pay vs Performance Disclosure [Table]              
Measure Name     Cash Conversion Cycle        
Non-PEO NEO [Member] | Average Exclusion Of Stock Awards And Option Awards For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     $ (2,388,327)        
Non-PEO NEO [Member] | Average Inclusion Of Equity Values For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     4,780,056        
Non-PEO NEO [Member] | Average Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     2,754,975        
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     1,854,909        
Non-PEO NEO [Member] | Average Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year For Non P E O N E O S [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     182,155        
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     (11,983)        
Non-PEO NEO [Member] | Total Average Inclusion Of Equity Values For Non P E O N E Os [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     4,780,056        
M R. B E R G H [Member]              
Pay vs Performance Disclosure [Table]              
PEO Total Compensation Amount $ 3,128,419   (0)   $ 15,623,233 $ 15,867,418 $ 16,331,831
PEO Actually Paid Compensation Amount $ 6,973,804   (0)   $ 10,937,841 $ (5,530,077) $ 33,799,905
PEO Name Charles (“Chip”) V. Bergh       Charles (“Chip”) V. Bergh Charles (“Chip”) V. Bergh Charles (“Chip”) V. Bergh
Michelle Gass [Member]              
Pay vs Performance Disclosure [Table]              
PEO Total Compensation Amount   $ 13,704,334 16,145,173   $ (0) $ (0) $ (0)
PEO Actually Paid Compensation Amount   $ 16,072,805 $ 26,874,901   $ (0) $ (0) $ (0)
PEO Name   Michelle Gass Michelle Gass        
Michelle Gass [Member] | PEO [Member] | Exclusion Of Stock Awards And Option Awards For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     $ (11,274,217)        
Michelle Gass [Member] | PEO [Member] | Inclusion Of Equity Values For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     22,003,945        
Michelle Gass [Member] | PEO [Member] | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     14,049,516        
Michelle Gass [Member] | PEO [Member] | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     7,913,577        
Michelle Gass [Member] | PEO [Member] | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     40,852        
Michelle Gass [Member] | PEO [Member] | Total Inclusion Of Equity Values For Ms Gass [Member]              
Pay vs Performance Disclosure [Table]              
Adjustment to Compensation Amount     $ 22,003,945