By  on February 13, 2008

Favorable currency exchange and a $215 million onetime tax benefit boosted Levi Strauss & Co. revenues and earnings for the fourth-quarter and year-end periods, but they were offset by steady declines in North America and continued difficulties in key Asian markets.

"Overall, we are pleased with our progress," said John Anderson, president and chief executive officer, during a conference call with analysts.

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