{"schema_version":"secwatch.filing_event.v1","accession":"0000094845-24-000027","form_type":"8-K","ticker":"LEVI","cik":"0000094845","company_name":"LEVI STRAUSS & CO","filed_at":"2024-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.582181+00:00","generated_at":"2026-06-04T03:14:31.105533+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Levi Strauss Q1 net loss $11M on restructuring charges; adj. EPS $0.26 beats; raises FY EPS guide","bullets":["Net revenues $1.6B, down 8% YoY; gross margin expanded 240 bps to 58.2% on lower product costs and favorable mix.","Diluted loss per share of $(0.03) due to $116M restructuring charges; adjusted diluted EPS of $0.26 vs. $0.34 prior year.","Global DTC net revenues up 7%, with U.S. DTC up 10%; DTC reached record 48% of total revenues.","Reaffirms FY revenue growth of 1-3%, raises adjusted EPS range to $1.17-$1.27 from prior guidance.","Project Fuel restructuring charges primarily severance; adjusted EBIT margin declined 200 bps to 9.0%."],"urls":{"canonical":"https://secwatch.observer/filing/0000094845-24-000027","json":"https://secwatch.observer/filing/0000094845-24-000027.json","markdown":"https://secwatch.observer/filing/0000094845-24-000027.md","text":"https://secwatch.observer/filing/0000094845-24-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/94845/000009484524000027/0000094845-24-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/94845/000009484524000027/levi-20240403.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:14:31.105533+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":"143fbe4295b53d8b75327c89d27df6ce0072fe33","claim":"LEVI STRAUSS & CO reported first quarter ended February 25, 2024 results: revenue $1.6 billion, net income Net loss was $11 million, EPS Diluted loss per share was $(0.03). Guidance reaffirmed.","evidence_excerpt":"to return the topline to mid-single-digit growth in the second half of this year and are increasing our full year EPS expectations.” Financial Highlights • Net Revenues of $1.6 billion were 8% lower on both a reported and constant-currency basis versus Q1 2023 primarily due to the shift in wholesale shipments from Q2 to Q1 2023 from the U.S. ERP implementation.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/94845/000009484524000027/0000094845-24-000027-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended February 25, 2024"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"Net loss was $11 million"},{"label":"EPS","value":"Diluted loss per share was $(0.03)"},{"label":"Guidance","value":"reaffirmed"},{"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"}