Tags: US | Earns | Levi | Strauss

Levi Strauss' Loss Widens as Higher Costs Blunt Revenue

Wednesday, 14 Jul 2010 01:11 PM

Levi Strauss & Co. said that its fiscal second-quarter loss widened as financing costs and a write-down of deferred tax assets overshadowed revenue growth.

For the quarter that ended May 30, the privately held jeans and clothing maker reported a loss of $14 million, compared with a loss of $4 million in the year-ago period.

Revenue rose 8 percent year over year to $977 million. Revenue rose 8 percent in the Americas region to $558 million, helped in part by sales at outlet stores the company acquired last year. Revenue grew 9 percent in Europe to $240 million and 8 percent in the Asia Pacific Region to $178 million.

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Levi Strauss Co. said that its fiscal second-quarter loss widened as financing costs and a write-down of deferred tax assets overshadowed revenue growth.For the quarter that ended May 30, the privately held jeans and clothing maker reported a loss of $14 million, compared...
US,Earns,Levi,Strauss
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2010-11-14
Wednesday, 14 Jul 2010 01:11 PM
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