Levi’s posts 10% rise in revenue for Q3

Levi's Katia Walsh

Fashion brand Levi Strauss & Co. this week posted a 10 per cent rise in third quarter revenue.

In the 12 weeks to August 26, Levi’s saw operating income rise eight per cent year-on-year to $159 million (£120 million), reflecting the brand’s revenue growth and higher gross margins.

In Europe, net revenue rose 17 per cent year-on-year to $406 million (£308 million) with operating incoming coming in at $77 million (£58 million).

“We delivered our fourth consecutive quarter of double-digit revenue growth,” said Levi’s president and chief executive Chip Bergh.

“This growth was broad-based across virtually every part of our business, including all four brands … and all regions and channels, with results that put us among the top performers in the industry.”

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