Levi Strauss: Q3 revenues rise 4 percent, profit declines

For its third quarter, Levi Strauss & Co. said net revenues grew 4 percent on a reported basis, and 5 percent on a constant-currency basis excluding 19 million dollars in unfavourable currency effects to 1.40 billion dollars. Adjusted net income decreased 5 million dollars compared to the prior year, due to 11 million dollars more in tax benefits recorded in the third quarter of 2018, while adjusted diluted earnings per share were 31 cents, compared to 34 cents for the same prior-year period.