{"id":883,"date":"2009-10-09T21:27:29","date_gmt":"2009-10-10T04:27:29","guid":{"rendered":"http:\/\/www.denimsandjeans.com\/latest-denim-reports\/denim-data-figures\/surprising-fall-in-levis-3rd-quarter-results-2009\/"},"modified":"2018-10-27T11:42:37","modified_gmt":"2018-10-27T06:12:37","slug":"surprising-fall-in-levis-3rd-quarter-results-2009","status":"publish","type":"post","link":"https:\/\/www.denimsandjeans.com\/recovery\/latest-denim-reports\/denim-data-figures\/surprising-fall-in-levis-3rd-quarter-results-2009\/883","title":{"rendered":"Surprising Fall In Levi’s 3rd Quarter Results -2009"},"content":{"rendered":"

\"levis<\/a> Levi Strauss & Co\u00c2\u00a0 announced its financial results for the third quarter ended August 30, 2009 and they were surprisingly poor.<\/p>\n

Both the turnover and net profit went down. Turnover was down 6% and net income was down 41%. This is surprising since denim has been the only\u00c2\u00a0 one segment in the textile sector which has been showing positive growth<\/a> in last one year. The\u00c2\u00a0 imports of denim is also continuously rising in US with over 6% rise in imports of Women\u00e2\u20ac\u2122s denim<\/a> in the first 6 months of this year.<\/p>\n

Levi\u00e2\u20ac\u2122s Financial Results 3rd quarter 2009<\/span><\/h3>\n\n\n\n\n\n
Particulars<\/strong><\/td>\nQuarter\u00c2\u00a0 ending August 30, 2009<\/strong><\/td>\nQuarter ending August 30, 2008<\/strong><\/td>\n% Decrease<\/strong><\/td>\n<\/tr>\n
Net Revenues<\/strong><\/td>\n$1.040 billion<\/td>\n$1.111 billion<\/td>\n-6 %<\/span><\/strong><\/td>\n<\/tr>\n
Net Income<\/strong><\/td>\n$41 million<\/td>\n$69 million<\/td>\n-41%<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

The company\u00e2\u20ac\u2122s says that its reflected the challenging global economy and the adverse effect of currency exchange rates compared to the prior year.At constant currency, the results change a bit, but still show the same trend .<\/p>\n

The sales of the company region wise can also be seen below for this quarter. Both the Americas and European region have shown a fall in sales, and only the Asia Pacific region has shown an increase in sales .<\/strong><\/p>\n

Region wise sales of Levi\u00e2\u20ac\u2122s products 3rd quarter 2008 &2009<\/span><\/h3>\n\n\n\n\n\n\n
Region<\/strong><\/td>\nAugust 30,2009<\/strong><\/td>\nAugust 30,
\n2008<\/strong><\/td>\n		% Change<\/strong><\/td>\n<\/tr>\n
Americas<\/strong><\/td>\n$616 million<\/td>\n$649 million<\/td>\n-5% (-3% at constant currency<\/span>)<\/span><\/strong><\/td>\n<\/tr>\n
Europe<\/strong><\/td>\n$266 million<\/td>\n$306 million<\/td>\n-13% (-2% at constant currency<\/span>)<\/span><\/strong><\/td>\n<\/tr>\n
Asia Pacific<\/strong><\/td>\n$158 million<\/td>\n$156 million<\/td>\n+2% (+4% at constant currency<\/span>)<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

Is Levi\u00e2\u20ac\u2122s not yet able to fully adapt itself to the changing denim environment like some other companies . Does it need to do something more\u00c2\u00a0 in the Premium denim segment like Gap<\/a> ?<\/p>\n","protected":false},"excerpt":{"rendered":"

Levi Strauss & Co\u00c2\u00a0 announced its financial results for the third quarter ended August 30, 2009 and they were surprisingly poor. Both the turnover and net profit went down. Turnover was down 6% and net income was down 41%. This is surprising since denim has been the only\u00c2\u00a0 one segment in the textile sector which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[123,344],"class_list":["post-883","post","type-post","status-publish","format-standard","hentry","category-denim-data-figures","tag-denim-results","tag-levis-denim"],"_links":{"self":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/comments?post=883"}],"version-history":[{"count":0,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/posts\/883\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/media?parent=883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/categories?post=883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.denimsandjeans.com\/recovery\/wp-json\/wp\/v2\/tags?post=883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}