By  on July 12, 2011

Levi Strauss & Co.’s earnings flipped into the black in the second quarter as revenues grew vigorously.

For the three months ended May 29, the San Francisco-based company reported net income of $21 million, compared with a net loss of $14.4 million in the year-ago quarter. The 2010 quarter was negatively impacted by two significant discrete tax charges and an early debt extinguishment loss from a refinancing.

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