Levi Strauss (LEVI) ended the recent trading session at $15.60, demonstrating a +0.06% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.34% loss on the day. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.56%.The jeans maker's stock has climbed by 2.7% in the past month, falling short of the Retail-Wholesale sector's gain of 3.02% and outpacing the S&P 500's gain of 2.56%.The upcoming earnings release of Levi Strauss w ...

Levi Strauss (LEVI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this jeans maker have returned +7%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Retail - Apparel and Shoes industry, which Levi Strauss falls in, has gained 1.8%. The key question now is: What could be the stock's future direction?While media releas ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended August 27, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 26, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Financial Data and Key Metrics Changes - Q4 net revenues were flat compared to the prior year's record Q4 revenue, with a 6% growth above 2019's pre-pandemic level [28] - For the full year, reported revenues grew by 7%, and 12% in constant currency, with adjusted EPS increasing year-over-year [28] - Adjusted diluted EPS for Q4 was $0.34, at the high end of the outlook, despite a $0.04 negative impact from foreign exchange [52] Business Line Data and Key Metrics Changes - The Levi's brand grew 11% in 2022, gaining global market share, particularly in men's and women's segments [6] - Direct-to-consumer (DTC) business increased by 18% for the year, with a record Q4 performance, contributing 39% of total company net revenues [8] - Women's revenue grew 13%, surpassing $2 billion, while the tops business grew 12%, exceeding $1.2 billion [12] Market Data and Key Metrics Changes - International business grew 13% in 2022, with 15% growth excluding Russia, driven by strong performance in Latin America and Asia [35] - In the Americas, net revenues declined 5%, with strong DTC growth offset by a decline in U.S. wholesale [41] - Europe saw a modest decline of 4% in revenues, excluding Russia, but showed sequential improvement from Q3 [53] Company Strategy and Development Direction - The company aims to expand its women's and tops businesses, which are key priorities in its strategic plan [12] - The 150th anniversary of the iconic 501 jean is expected to drive brand excitement and market share growth [14] - The company is focusing on diversifying its product offerings beyond denim, with nearly 40% of 2022 revenue coming from non-denim categories [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strategies for profitable growth in 2023, despite macro uncertainties [21] - The company anticipates additional tailwinds in the second half of 2023 as product costs normalize and foreign exchange impacts lessen [21] - Management highlighted the importance of a diversified business model to navigate macroeconomic challenges [35] Other Important Information - The company plans to open more than 80 net new company-operated stores globally in 2023 [22] - Cash and liquidity remained strong, with net debt of approximately $500 million and overall liquidity of $1.5 billion [20] - The company returned approximately $350 million to shareholders in 2022, with a dividend of $0.12 per share declared for Q1 [54] Q&A Session Summary Question: What is the outlook for gross margins? - Management indicated that gross margins are structurally improved, with expectations of 20 to 30 basis points expansion driven by a favorable shift towards DTC and women's products [123] Question: How did the mass channel perform in Q4? - The mass channel, particularly Signature and Denizen, was down 19% in Q4, with expectations of continued double-digit declines in 2023 [50] Question: What is the expected revenue cadence for 2023? - The company expects a typical revenue split of 47% in the first half and 53% in the second half, with growth driven by improved conditions in the latter half [65] Question: How is the company managing inventory levels? - The company has strategically reduced buys for the first half by 25% and expects to normalize inventory levels by the end of Q2 [103] Question: What are the key drivers for growth in 2023? - Key drivers include continued strength in DTC, market share expansion, and the celebration of the 150th anniversary of the 501 jean [57]

Business Operations and Risks - The company anticipates ongoing adverse effects from the COVID-19 pandemic on its business and results of operations[20] - The company has significant international revenues, exposing it to foreign currency fluctuations and political/economic risks[20] - The company faces risks from global supply chain disruptions, which could materially affect its business and financial condition[20] - The company is exposed to market risks primarily related to foreign currencies, managing these risks through various financial instruments[372] Financial Performance - Net revenues for the year ended November 27, 2022, increased to $6,168.6 million, up 7.0% from $5,763.9 million in the previous year[398] - Gross profit for the same period was $3,548.8 million, representing a gross margin of approximately 57.5%[398] - Net income for the year was $569.1 million, compared to $553.5 million in the prior year, reflecting a growth of 2.5%[398] - The company reported a basic earnings per share of $1.43 for the year, compared to $1.38 in the previous year, marking a 3.6% increase[398] - Net income for the year ended November 27, 2022, was $569.1 million, an increase of 2.0% from 553.5 million in the previous year[407] Cash Flow and Liquidity - Cash and cash equivalents decreased to $429.6 million from $810.3 million, highlighting a significant reduction in liquidity[396] - Net cash provided by operating activities decreased significantly to $228.1 million from $737.3 million, a decline of approximately 69.0%[407] - Cash used for investing activities was $235.7 million, down from $571.8 million in the prior year, indicating a reduction of about 58.8%[407] - The company reported a net cash outflow from financing activities of $365.4 million, compared to an outflow of $840.9 million in the previous year, a decrease of approximately 56.5%[407] - Ending cash and cash equivalents were $429.6 million, down from $810.3 million at the end of the previous fiscal year, representing a decline of about 47.0%[407] Shareholder Returns and Capital Allocation - The company aims to increase total shareholder returns through capital allocation priorities, including share repurchases and dividends[14] - The Company approved a new share repurchase program on May 31, 2022, authorizing the repurchase of up to $750 million of Class A common stock, following the completion of a previous $200 million program[463] - In fiscal year 2022, the Company repurchased 8.7 million shares for $172.9 million, compared to 3.4 million shares for $88.4 million in fiscal year 2021[463] Debt and Financing - As of November 27, 2022, the total principal amount of the company's debt instruments is $994.5 million, with an average interest rate of 3.50% for fixed-rate US debt[377] - The company expects to refinance $11.7 million of short-term borrowings within the next 12 months[377] - The Company issued $500.0 million in aggregate principal amount of 5.00% senior notes due 2025, with a net loss of $30.1 million recorded on early extinguishment of debt in March 2021[527] - The weighted-average interest rate on average borrowings outstanding during fiscal year 2022 was 3.96%, down from 4.32% in 2021 and 4.75% in 2020[542] Assets and Liabilities - Total current assets increased to $2,827.9 million, up from $2,709.9 million in the previous year, primarily driven by higher inventories[396] - Total liabilities decreased to $4,134.1 million from $4,234.4 million, indicating a reduction in long-term debt and pension liabilities[396] - The company has substantial liabilities related to postretirement benefits, pension, and deferred compensation plans[22] - The company's consolidated balances of goodwill and non-amortized other intangible assets are $365.7 million and $258.7 million, respectively, as of November 27, 2022[391] Acquisitions and Intangible Assets - The company acquired Beyond Yoga in the fourth quarter of fiscal 2021, which has been consolidated since the acquisition[408] - The fair value of intangible assets acquired from Beyond Yoga was $245.5 million, with the trademark valued at $216.0 million[487] - Goodwill primarily resulted from acquisitions, including Beyond Yoga in 2021, and is tested for impairment annually[438] Operational Efficiency and Strategy - The company is focused on enhancing its brand and expanding its direct-to-consumer business, particularly in under-penetrated markets[14] - The company is committed to operational excellence, aiming to improve speed-to-market and gross margins[14] - The company plans to continue focusing on market expansion and new product development to drive future growth[398] Tax and Accounting Policies - The Company evaluates uncertain tax positions using a two-step approach, ensuring recorded tax liabilities are adequate for all open tax years[432] - The Company adopted ASU 2018-15 in 2021, aligning requirements for capitalizing implementation costs for cloud computing arrangements with internal-use software[433] - The Company capitalizes software development costs during the application development phase, depreciating them over a typical useful life of three to seven years[436]

_________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended August 28, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 29, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended February 27, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-06631 _________________ LEVI STRAUSS & CO. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdic ...