• Levi Strauss average gross margin for 2023 was 56.64%, a 2.4% increase from 2022.
• Levi Strauss average gross margin for 2022 was 58.03%, a 2.85% decline from 2021.
• Levi Strauss average gross margin for 2021 was 56.42%, a 6.53% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.