---
schema_version: "secwatch.filing_event.v1"
accession: "0000094845-24-000011"
form_type: "8-K"
ticker: "LEVI"
cik: "0000094845"
company_name: "LEVI STRAUSS & CO"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:57:01.604022+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Levi Strauss Q4 revenue up 3%, adj EPS $0.44, announces workforce reduction and Project FUEL restructuring

## Summary
- Q4 net revenues $1.64B (+3% YoY); DTC up 11%, e-commerce up 17% constant-currency.
- Q4 adj diluted EPS $0.44, up 29% from $0.34; gross margin expanded 200 bps to 57.8%.
- FY 2023 net revenues $6.2B flat YoY; adj diluted EPS $1.10 vs $1.50; inventory down 17%.
- Project FUEL: 10%-15% reduction of global corporate workforce; expects $100M net savings in FY 2024.
- Q1 2024 restructuring charges estimated $110-$120M; initiative spans two years.

## SEC filing metadata
- accession: 0000094845-24-000011
- form_type: 8-K
- ticker: LEVI
- cik: 0000094845
- company_name: LEVI STRAUSS & CO
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/94845/000009484524000011/0000094845-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/94845/000009484524000011/levi-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000094845-24-000011
- JSON: https://secwatch.observer/filing/0000094845-24-000011.json
- Plain text: https://secwatch.observer/filing/0000094845-24-000011.txt

## Key facts
- Earnings Releases
  LEVI STRAUSS & CO reported fourth quarter and fiscal year ended November 26, 2023 results: revenue $1.6 billion, EPS $0.32. Guidance initiated.
  - Period: fourth quarter and fiscal year ended November 26, 2023
  - Revenue: $1.6 billion
  - EPS: $0.32
  - Guidance: initiated
  - Result: reported results
  source text: and by our global productivity initiative, which gives us clear line of sight to significant annual cost savings.” Financial Highlights for the Fourth-Quarter • Net Revenues of $1.6 billion increased 3% on a reported basis and 2% on a constant-currency basis versus Q4 2022. • DTC (Direct to Consumer) net revenues increased 11% on a reported basis and 10% on a
  evidence_url: https://www.sec.gov/Archives/edgar/data/94845/000009484524000011/0000094845-24-000011-index.htm

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