{"schema_version":"secwatch.filing_event.v1","accession":"0000094845-23-000053","form_type":"8-K","ticker":"LEVI","cik":"0000094845","company_name":"LEVI STRAUSS & CO","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.485630+00:00","generated_at":"2026-06-10T04:29:49.516139+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Levi Strauss Q3 adj. EPS $0.28 vs $0.40, revenue flat, FY guidance cut to low end of $1.10-$1.20","bullets":["Net revenue $1.5B flat YoY; GAAP EPS $0.02 (down from $0.43) includes $0.17 impairment charge from Beyond Yoga.","DTC revenue up 14% (constant-currency +13%), wholesale down 8% (-10% constant-currency), DTC now 40% of total.","Gross margin 55.6% down 130 bps from 56.9%; adjusted SG&A up to $702M vs $675M on DTC expansion.","Operating margin 2.3% vs 13.1% due to $90.2M impairment and higher SG&A; adjusted EBIT margin 9.1% vs 12.4%.","Initiating review of operating model and cost structure for material savings starting 2024; FY adj. diluted EPS expected at low end of $1.10-$1.20 range."],"urls":{"canonical":"https://secwatch.observer/filing/0000094845-23-000053","json":"https://secwatch.observer/filing/0000094845-23-000053.json","markdown":"https://secwatch.observer/filing/0000094845-23-000053.md","text":"https://secwatch.observer/filing/0000094845-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000053/0000094845-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000053/levi-20231005.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T04:29:49.516139+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":"34609be14cfdc781af8216706255fe0797ee70c8","claim":"LEVI STRAUSS & CO reported the third quarter ended August 27, 2023 results: revenue $1.5 billion, net income $10. Guidance lowered.","evidence_excerpt":"an initiative to review our operating model and cost structure that should drive agility and material cost savings beginning in 2024.” Financial Highlights • Net Revenues of $1.5 billion were consistent with the prior year on a reported basis and 2% lower on a constant-currency basis versus Q3 2022. • DTC (Direct to Consumer) net revenues increased 14% on a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/94845/000009484523000053/0000094845-23-000053-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended August 27, 2023"},{"label":"Revenue","value":"$1.5 billion"},{"label":"Net income","value":"$10"},{"label":"Guidance","value":"lowered"},{"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"}