secwatch.observer — SEC 8-K summary
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Issuer:     LEVI STRAUSS & CO (LEVI)
CIK:        0000094845
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0000094845-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Levi Strauss Q2 net revenues fall 9% to $1.34B; FY adjusted EPS guidance cut to $1.10-$1.20
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- Net revenues of $1.34B, down 9% YoY; net loss of $2M vs $50M net income in Q2 2022.
- Adjusted diluted EPS of $0.04 vs $0.29 a year ago; FY adjusted EPS guidance lowered to $1.10-$1.20 from $1.30-$1.40.
- DTC net revenues up 13% (e-commerce +20%); wholesale down 22% as U.S. wholesale remains pressured.
- Americas revenues down 22%; Asia up 18% (27% constant currency); Europe down 2%.
- Inventory improved 15 points vs Q1; expected below prior year by year-end; free cash flow trends positive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000047/0000094845-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94845/000009484523000047/levi-20230706.htm
  HTML page:      https://secwatch.observer/filing/0000094845-23-000047

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