Levi Strauss, a privately owned company, posted a second quarter profit of $40 million but revenue edged down 1 percent to $953 million due to lower European and U.S. Levi Strauss Signature brand sales. Sales of the company's Levi's and Dockers improved despite this, according to this Newsweek.com article.
The company said it was "cautiously optimistic" for the second half of the year, making its prediction in set of slides that accompanied the securities filing. The slides, which also said the company would focus on improving profit and cash flow, were not more specific about the second-half outlook.
Know More about the fashion industry at TheRunwayScoop.com.
Comment Preview