By  on April 8, 2014

Stumbles in its U.S. wholesale operations combined with the weight of restructuring charges to cut Levi Strauss & Co.’s first-quarter profits by more than half.

While reported revenues were up in Europe and flat in Asia, sales in the Americas declined 3.1 percent, to $627 million, and operating income in the region contracted 15.9 percent to $111 million.

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