Home / Knowledge / News / Apparel/Garments / Q3FY16 revenues rise 4% at Levi Strauss
Q3FY16 revenues rise 4% at Levi Strauss
15
Oct '16
Courtesy: Levi Strauss & Co
Courtesy: Levi Strauss & Co
For the third fiscal quarter ended August 28, 2016 net revenues rose 4 per cent year over year on a reported basis to touch $1,185 million at denim marketer Levi Strauss & Co. However, revenues grew higher at five per cent, when excluding $11 million in unfavourable currency translation effects, while direct to consumer sales increased 14 per cent.

On a reported basis, gross profit in the third quarter of fiscal 2016 was $593 million compared with $573 million for the same quarter of fiscal 2015, while gross margin stood at 50.0 per cent as against 50.2 per cent of revenues in the fiscal ago quarter.

Adjusted EBIT was up 14 per cent and reached $146 million in the reporting quarter reflecting higher direct-to-consumer sales and lower advertising costs.

In the quarter under review, net income surged 69 per cent year on year to $98 million mainly from growth in revenues and a decline in charges related to the company's productivity initiative. (AR)

Fibre2Fashion News Desk – India


Interviews View All

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram

Follow

Follow Fibre2Fashion On

Follow Fibre2Fashion On


Advanced Search