Levi Strauss posts improved results
15/02/2007
US-based jeans and casual wear manufacturer Levi Strauss & Co. has reported improved net income for its fourth quarter and fiscal year, ended November 26.
Fourth quarter net revenues increased 4%, or $48 million, whilst net income increased 119%, or $52 million.
Fiscal year 2006 saw a slight decline in revenues, totalling $4.19 billion compared with $4.22 billion in 2005. This was said to reflect higher net revenues in the US Levi’s US Dockers and Asia Pacific businesses, which were offset by lower net revenues in
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