71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
Oct 12, 2011
Download
Download the article
Print
Text size

Levi profit rises as demand in India, China grows

By
Reuters
Published
Oct 12, 2011

Tue Oct 11, 2011 - Levi Strauss & Co LEVST.UL posted a bigger quarterly profit as demand in growing markets like India and China grew, offsetting the effects of rising costs of cotton and discounts on its flagship brands.


© Levi's

For the third quarter, the company earned $32 million, compared with $28 million last year. Revenue grew 9 percent to $1.20 billion, led by a 20 percent rise in the Asia-Pacific region.

Revenue growth in Asia Pacific was primarily driven by the Levi's brand and expansion of the company's retail network in China and India, which offset a decline in Japan, the company said.

In the Americas region, where Levi Strauss gets half its business, revenue rose 7 percent.

However, gross margins slipped to 47 percent from 49 last year.

"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," Blake Jorgensen, chief financial officer, said.

Levi Strauss is a private company, but reports quarterly results because it has publicly held debt. The company reported net debt of $1.75 billion, compared with $1.6 billion at the end of 2010.

(Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Maju Samuel)

© Thomson Reuters 2024 All rights reserved.