By  on October 9, 2009

Falling sales in the U.S. and European markets coupled with rising costs led Levi Strauss & Co. to a 41.2 percent earnings slide during the third quarter.


For the three months ended Aug. 30, the San Francisco-based denim giant saw earnings decline to $40.7 million, compared with earnings of $69.2 million during the same period a year ago. Selling, general and administrative expenses rose $7.4 million, or 1.9 percent, to $396 million.

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