Group 1 - Levi Strauss & Co. reported strong quarterly performance with continued growth primarily driven by Direct-to-Consumer (DTC) sales and female apparel [1] - The company experienced significant margin expansion, particularly on a GAAP basis, attributed to restructuring costs from the previous period [1] Group 2 - The analysis emphasizes a long-only investment approach, focusing on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The investment strategy suggests that only a small fraction of companies should be considered for buying at any given time, with most recommendations being holds [1]