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US clothing company Levi Strauss & Co’s sales in the second quarter of 2009 increased to $ 1.27 billion – News


Levi Strauss & Co, a US-based apparel company and jeans leader, reported sales of $ 489 million in the second quarter, which ended May 30, 2021, compared to $ 156. It is reported to increase by% to $ 1.27 billion. Corresponding period of the previous fiscal year. The company’s net profit improved to $ 64.7 million in the quarter (Q2 2008: loss of $ 363.5 million).

“In the second quarter, revenue recovery accelerated and growth was achieved in all regions and channels, creating strong momentum. This is the strength of our brand and the evolving denim trends. It was emphasized by the ability to utilize and the ongoing transition to casualization. ” Levi Strauss & Company President and CEO Chip Berg, Said in a press release.

Levi’s Strauss & Co’s e-commerce sales increased 42%, accounting for 23% of total sales. Meanwhile, gross profit for the second quarter of 2009 surged to $ 750.2 million ($ 169.6 million). The company’s operating profit for the three months was $ 106.4 million (loss: $ 448.2 million).

Sales from the Americas increased 153% to $ 715.1 million ($ 282.7 million), driven by Levi’s & Signature, and sales in Europe increased 183% to $ 365.4 million (1). It was $ 229 million). In addition, sales from Asia in the second quarter of 2009 increased 128% to $ 195.5 million ($ 8.8 million).

“In the second half of 2021, we will be stronger with our strategic priorities of leading a lasting brand, accelerating direct consumer connections and diversifying across categories, channels and regions. We’re focusing on emerging, “Berg added.

Fiber2Fashion News Desk (JL)

Levi Strauss & Co, a US-based apparel company and jeans leader, reported sales of $ 489 million in the second quarter, which ended May 30, 2021, compared to $ 156. It is reported to increase by% to $ 1.27 billion. Corresponding period of the previous fiscal year. The company’s net profit improved to $ 64.7 million in the quarter (Q2 2008: loss of $ 363.5 million).

US clothing company Levi Strauss & Co’s sales in the second quarter of 2009 increased to $ 1.27 billion

Source link US clothing company Levi Strauss & Co’s sales in the second quarter of 2009 increased to $ 1.27 billion



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