87 176
Fashion Jobs
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · CLERMONT
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · DACULA
KOHLS
Technical Project Manager, Remote
Permanent · MENOMONEE FALLS
NAVY EXCHANGE
Vending Operations Clerk PT
Permanent · FALLON
NAVY EXCHANGE
Director, Facility Design %26 Construction
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i And Level II) - Various Categories
Permanent · VIRGINIA BEACH
SPECIALIZED
Brand Development Manager - Michigan
Permanent · LANSING
ECCO
Third Keyholder
Permanent · ELIZABETH
ECCO
Third Keyholder
Permanent · LAS VEGAS
ECCO
Sales Manager - National Accounts (Remote)
Permanent · LONDONDERRY
ECCO
Third Keyholder
Permanent · ROSEMONT
LULULEMON
Community Specialist | Summit, Springfield Ave
Permanent · SUMMIT
LULULEMON
Expeditor | Cherry Creek
Permanent · DENVER
LULULEMON
Community Specialist | Friendly Center
Permanent · GREENSBORO
NORDSTROM
Customer Service Representative - Hillsdale Shopping Center
Permanent · SAN MATEO
NORDSTROM
Retail Stock - Mercer Mall Rack
Permanent · LAWRENCE TOWNSHIP
NORDSTROM
Manager- Service Experience- Baton Rouge Mall Rack
Permanent · BATON ROUGE
NORDSTROM
Retail Stock - Sugar House Rack
Permanent · SALT LAKE CITY
NORDSTROM
Asset Protection - Agent - Aventura
Permanent · AVENTURA
NORDSTROM
Retail Stock - Northwoods Rack
Permanent · SAN ANTONIO
NEIMAN MARCUS
Business Manager Tom Ford, Beauty (PT, 35 Hours) - FT. Worth
Permanent · FORT WORTH
NEIMAN MARCUS
Sales Manager, Designer Rtw
Permanent · CORAL GABLES
Published
Feb 10, 2017
Download
Download the article
Print
Text size

Levi Strauss & Co revenue climbs on Europe, Americas sales flat

Published
Feb 10, 2017

Levi Strauss & Co reported on Thursday net revenue growth of 1 percent for the full year and its fourth quarter, ended November 27, 2016.
 
Gross profit for the fiscal year grew to $2,329 million compared with $2,269 million in 2015. For the three-month-period, gross profit was $659 million compared with $658 million for the same quarter of 2015.

Levi Strauss & Co revenue climbs. - Levi Strauss

 
Still, while full-year net income grew 40 percent, fourth quarter net income declined by 5 percent to $143 million compared to $161. Though the company’s direct-to-consumer sales grew due to Levi Strauss’s current retail and ecommerce performance, investments in the same area hurt net income.
 
For the full year, net revenue grew the most in Europe at 10 percent, due to strong growth of its retail channels. In Asia, net revenues also grew 6 percent, excluding unfavorable currency effects of $18 million. Meanwhile, in the Americas, net revenues remained relatively flat.

"We are pleased to report our fourth consecutive year of profitable constant currency revenue growth behind the strength of the Levi's brand and our global direct-to-consumer business," said Chip Bergh, president and chief executive officer, in a news statement. "Looking ahead, although it remains a very challenging environment, given our diversified portfolio we remain optimistic about our long term prospects for growth." 

Copyright © 2024 FashionNetwork.com All rights reserved.