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.”

Click here to sign up to Retail Gazette’s free daily email newsletter


Please enter your comment!
Please enter your name here