Levi revenue beats forecasts as demand holds up


Revenue in the fiscal fourth quarter ended Nov 27 was US$1.59bil (RM6.8bil), compared with the US$1.57bil (RM6.7bil) average estimate of analysts surveyed by Bloomberg. — Reuters

NEW YORK: Levi Strauss & Co has reported quarterly revenue that exceeded expectations, suggesting fears of a denim slowdown were overblown amid strong momentum in the direct-to-consumer business and improving trends in Europe.

Revenue in the fiscal fourth quarter ended Nov 27 was US$1.59bil (RM6.8bil), compared with the US$1.57bil (RM6.7bil) average estimate of analysts surveyed by Bloomberg.

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