{"schema_version":"secwatch.filing_event.v1","accession":"0000094845-23-000007","form_type":"8-K","ticker":"LEVI","cik":"0000094845","company_name":"LEVI STRAUSS & CO","filed_at":"2023-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.686171+00:00","generated_at":"2026-06-20T10:21:14.005347+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Levi Strauss Q4 adj EPS $0.34, FY rev $6.2B; guides FY23 adj EPS $1.30-$1.40","bullets":["Q4 reported net revenues $1.6B flat constant-currency; adjusted diluted EPS $0.34 vs $0.41 YoY.","Full-year FY2022 net revenues $6.2B (+7% reported, +12% constant-currency); adjusted diluted EPS $1.50 vs $1.47.","FY2023 guidance: reported net revenues up 1.5%-3%; adjusted diluted EPS $1.30-$1.40.","CFO Harmit Singh receives $5M special retention award (RSUs and PRSUs) vesting over 3 years; role expanded to CFO and Growth Officer.","Q4 gross margin 55.8% down 230 bps; Adjusted EBIT margin 9.0% vs 12.0% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000094845-23-000007","json":"https://secwatch.observer/filing/0000094845-23-000007.json","markdown":"https://secwatch.observer/filing/0000094845-23-000007.md","text":"https://secwatch.observer/filing/0000094845-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/0000094845-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/levi-20230123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T10:21:14.005347+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3a27bb7403655952a7d0ed6b4d61bffaf2d02de2","claim":"LEVI STRAUSS & CO reported the fiscal quarter ended November 27, 2022 results: revenue $1.6 billion, net income $151 million, EPS $0.38. Guidance initiated.","evidence_excerpt":"• Reported net revenues of $1.6 billion contracted 6% compared to Q4 2021, but was flat on a constant-currency basis as strong growth in the direct-to-consumer channel offset a decline in wholesale • Gross margin was 55.8%; Adjusted gross margin was 55.8% , 230 basis points below Q4 2021 inclusive of approximately 100 basis points of adverse currency impacts, however 150 basis points above Q4 2019's pre-pandemic level • Operating margin was 8.6% ; Adjusted EBIT margin was 9.0% , compared to 12.0% in Q4 2021 • Net income was $151 million; Adjusted net income was $137 million , versus $170 million in Q4 2021 • Diluted EPS was $0.38; Adjusted diluted EPS was $0.34 , despite a 4 cent adverse currency impact, compared to $0.41 in Q4 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/0000094845-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended November 27, 2022"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"$151 million"},{"label":"EPS","value":"$0.38"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8a1c91442e2520713de0008188c0519b12989a5a","claim":"LEVI STRAUSS & CO reported the fiscal year ended November 27, 2022 results: revenue $6.2 billion, net income $569 million, EPS $1.41. Guidance initiated.","evidence_excerpt":"• Reported net revenues of $6.2 billion grew 7% versus FY 2021 and 12% on a constant-currency basis • Gross margin was 57.5%; Adjusted gross margin was 57.6% , 30 basis points below FY 2021 inclusive of approximately 50 basis points of adverse currency impacts, up 380 basis points versus FY 2019 • Operating margin was 10.5%; Adjusted EBIT margin was 11.6% , compared to 12.4% in FY 2021 and 10.6% for FY 2019 • Net income was $569 million; Adjusted net income was $604 million , up from $601 million in FY 2021 • Diluted EPS was $1.41; Adjusted diluted EPS was $1.50 , despite a 12 cent adverse currency impact, and up from $1.47 in FY 2021","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/0000094845-23-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended November 27, 2022"},{"label":"Revenue","value":"$6.2 billion"},{"label":"Net income","value":"$569 million"},{"label":"EPS","value":"$1.41"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}