secwatch.observer — SEC 8-K summary
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Issuer:     LEVI STRAUSS & CO (LEVI)
CIK:        0000094845
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000094845-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/94845/000009484524000011/0000094845-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/94845/000009484524000011/levi-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000094845-24-000011

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