---
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"
generated_at: "2026-06-20T10:21:14.005347+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Levi Strauss Q4 adj EPS $0.34, FY rev $6.2B; guides FY23 adj EPS $1.30-$1.40

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000094845-23-000007
- JSON: https://secwatch.observer/filing/0000094845-23-000007.json
- Plain text: https://secwatch.observer/filing/0000094845-23-000007.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal quarter ended November 27, 2022
  - Revenue: $1.6 billion
  - Net income: $151 million
  - EPS: $0.38
  - Guidance: initiated
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/0000094845-23-000007-index.htm
- Earnings Releases
  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.
  - Period: the fiscal year ended November 27, 2022
  - Revenue: $6.2 billion
  - Net income: $569 million
  - EPS: $1.41
  - Guidance: initiated
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/94845/000009484523000007/0000094845-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.