secwatch.observer — SEC 8-K summary
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Issuer:     LEVI STRAUSS & CO (LEVI)
CIK:        0000094845
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0000094845-23-000026
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Levi Strauss Q1 revenue up 6% to $1.7B, but EPS falls to $0.29 from $0.48; reaffirms FY guidance
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- Net revenues $1.7B, up 6% reported (9% constant currency); DTC up 12%, wholesale up 2%.
- Diluted EPS $0.29 (adjusted $0.34) vs $0.48 last year; net income $115M vs $196M, down 41%.
- Gross margin 55.8%, down 360 bps from 59.4% due to lower full-price sales and higher product costs.
- Inventories up 33% YoY but improved 25 points sequentially; dividend raised 20% to $0.12/share.
- Company reaffirms FY2023 revenue and EPS guidance despite cautious macro outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000026/0000094845-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000026/levi-20230406.htm
  HTML page:      https://secwatch.observer/filing/0000094845-23-000026

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