Levi Strauss returns to profit in Q2

Levi Strauss swung to a second quarter profit of $21 million, back from last year’s second quarter loss of $14 million. Revenue was up 12% to $1.1 billion with growth across all regions.

In the three months to May 29, revenues in the Americas were up by a reported 7%, while Europe and Asia Pacific returned sales increases of 17% and 19% respectively.

“Our top-line improvement demonstrates that our global strategies are working,” said John Anderson, Levi’s president and CEO.

“Around the world, the Levi’s brand is performing well as consumers are responding to our craftsmanship and compelling products.”

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