This week, Levi Strauss & Co. announced its quarterly earnings results which were bolstered by double-digit growth in key areas of the business. Revenues were up 4 percent on a reported basis, 5 percent on a constant currency basis.
“We delivered strong third-quarter results and remain on-track to achieve our full-year expectations,” said Chip Bergh, President and CEO of Levi Strauss & Co. “Our strategies to diversify to faster-growing, high-opportunity, high gross margin businesses continue to drive momentum, as we again grew revenues double-digits internationally, in our direct-to-consumer business, and in the women’s and tops categories. And our global wholesale business grew two percent in constant-currency, despite U.S. wholesale facing what we expect will be the toughest comparison of the year. As for the fourth quarter, we again expect strong performance in international, direct-to-consumer, women’s and tops, and improved comparisons for U.S. wholesale. We’ll stay focused on what we can control as we grow this business over the long-term.”
Go to investors.levistrauss.com for our full results.
And read more highlights from the last quarter: