By  on October 3, 2008

LOS ANGELES — Levi Strauss & Co. reported a 14 percent gain in third-quarter net income, driven primarily by favorable currency exchange rates, new stores and decreased interest expense.

The San Francisco-based company also reported revenue growth in all its global regions. For the three months ending Aug. 24, net income increased to $69 million, from $60 million in the year-ago period. Revenues rose 6 percent to $1.11 billion versus $1.05 billion last year. Excluding favorable currency exchange rates, global revenue increased 2 percent.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus