---
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"
generated_at: "2026-06-04T03:14:31.105533+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Levi Strauss Q1 net loss $11M on restructuring charges; adj. EPS $0.26 beats; raises FY EPS guide

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000094845-24-000027
- JSON: https://secwatch.observer/filing/0000094845-24-000027.json
- Plain text: https://secwatch.observer/filing/0000094845-24-000027.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended February 25, 2024
  - Revenue: $1.6 billion
  - Net income: Net loss was $11 million
  - EPS: Diluted loss per share was $(0.03)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/94845/000009484524000027/0000094845-24-000027-index.htm

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