Levi Strauss & Co. said that its fiscal second-quarter loss widened as financing costs and a write-down of deferred tax assets overshadowed revenue growth.
For the quarter that ended May 30, the privately held jeans and clothing maker reported a loss of $14 million, compared with a loss of $4 million in the year-ago period.
Revenue rose 8 percent year over year to $977 million. Revenue rose 8 percent in the Americas region to $558 million, helped in part by sales at outlet stores the company acquired last year. Revenue grew 9 percent in Europe to $240 million and 8 percent in the Asia Pacific Region to $178 million.
© Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.