secwatch.observer — SEC 8-K summary
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Issuer:     LEVI STRAUSS & CO (LEVI)
CIK:        0000094845
Form:       8-K
Filed at:   2022-10-06T23:59:59+00:00
Accession:  0000094845-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Levi Strauss Q3 adjusted EPS $0.40 vs $0.48 YoY; cuts FY2022 outlook on supply chain & FX
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- Revenue $1.52B (+1% reported, +7% constant-currency); supply chain disruptions caused ~$30-40M missed sales.
- Adjusted diluted EPS $0.40, down from $0.48; includes $0.04 adverse FX impact.
- FY2022 outlook lowered: revenue growth 6.7-7.0% reported, adj. EPS $1.44-$1.49 (includes $0.05 FX impact).
- DTC net revenues +2% (+8% constant-currency); e-commerce +16% constant-currency; digital 21% of total revenue.
- Gross margin 56.9% down 60 bps; adjusted EBIT margin 12.4% down 240 bps YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94845/000009484522000045/0000094845-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94845/000009484522000045/levi-20221006.htm
  HTML page:      https://secwatch.observer/filing/0000094845-22-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer