Levi Strauss & Co (NYSE:LEVI) Reveals 3Q19 Earnings Decline

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Levi Strauss & Co (NYSE:LEVI) on Tuesday reported third quarter financial results after market close.

The company unwinded income of $ 124.22 million or $ 0.30 per share, contracted 9.09 percent compared with income of $ 129.58 million or $ 0.33 per share, a year ago period.

On adjusted basis, LEVI posted adjusted net income of $ 128.20 million or or $ 0.31 per share

The net revenue for the third quarter enlarged 3.80 percent to $ 1447.08 million from $ 1394.15 million in the same quarter last year

Chip Bergh, President and CEO, said, We delivered strong third-quarter results and remain on-track to achieve our full-year expectations.Our strategies to diversify to faster-growing, high-opportunity, high gross margin businesses continue to drive momentum, as we again grew revenues double-digits internationally, in our direct-to-consumer business, and in the women’s and tops categories.

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