A decline in operating income, which was impacted by rising
cotton costs, was more than offset by a lower tax rate and favorable
exchange rates.”The Levi’s brand drove sales growth in the
Americas and Asia Pacific, but Dockers sales in the Americas were down
and revenues in Japan also declined..”A 6% revenue increase in
Europe was purely caused by currency, with underlying sales falling 4%
thanks to wholesale revenue declines..”“In the third quarter, we
saw continued revenue growth from the Levi’s brand in markets around the
world, but increased cotton costs continued to put pressure on the
margins of all our products,” said Blake Jorgensen, Levi Strauss CFO..
Date:10/17/2011
Source:AL Masry ALYoum Newspaper