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Article: Levi's 2Q Profit Rises 14 Percent
- Article from:
- AP Online
- Article date:
- July 10, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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SAN FRANCISCO - Levi Strauss & Co.'s second-quarter profit rose 14 percent, accelerating a comeback that has spurred talk that the storied jeans maker might go public again after more than two decades as a privately held company.
The San Francisco-based company said Tuesday it earned $45.7 million during the three months ended May 27 compared with net income of $40.2 million a year ago.
Net revenue rose nearly 6 percent to $1.02 billion from $961 million a year ago. If not for an $18 million boost from the weak dollar in Europe, Levi's said its revenue would have been up by 4 percent during the quarter.
Management attributed the performance to solid demand for its Levi's and ...