China is only about 3% of the company's business today. Bergh said he looks at competitors like Nike, with 20% of its business in China, and wants to turn China into the company's growth engine.
China is a top priority for the world's biggest jean maker's future growth Levi Strauss & Co. President and CEO Chip Bergh said Wednesday.
On Tuesday, Levi Strauss reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month. For the first quarter, Levi said it earned 37 cents per share, helped by a 7% gain in revenue. On a constant currency basis, revenue rose 11%. In the latest period, Levi's growth was really broad based as both its men's and woman's tops and bottoms businesses grew, Bergh said. This marked the sixth quarter in a row of double-digit top-line growth for Levi.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here comes Levi Strauss' first earnings report as a public company in nearly 35 years ...Levi Strauss, which returned to the public market last month, is scheduled to report quarterly earnings on Tuesday afternoon.
Consulte Mais informação »
Levi Strauss revenue rises 7 percent in first post-IPO quarterly reportLevi Strauss & Co posted a 7 percent rise in quarterly revenue on Tuesday in its...
Consulte Mais informação »
Levi Strauss swings to profit in its first earnings release since IPOFor the first-quarter Levi reported earnings per share of 37 cents on revenue of $1.44 billion.
Consulte Mais informação »
Levi Strauss post-IPO earnings send shares higherLevi Strauss & Co. reported the company's first earnings since its March initial public offering on Tuesday, and shares rose in extended trading. The...
Consulte Mais informação »
Larry Fink just revealed how BlackRock is going to keep growing at its torrid pace: ChinaBlackRock is aiming to become a leading asset manager in China, chief Larry Fink revealed in his annual letter to shareholders.
Consulte Mais informação »
Killer hog disease now a 'dire situation' in China that could lead to higher global pricesAs African swine fever continues to ravage China's hog herd, the impact may be far worse than Beijing is conceding. It could lead to significant shortages of the country's staple meat and drive up global prices of protein, according to experts.
Consulte Mais informação »
US, China make progress on trade, but enforcement is still a big sticking pointWhile the Trump administration has shown optimism about inking a trade overhaul with China long sought by the president, negotiators still have some differences.
Consulte Mais informação »
Burger King pulls New Zealand chopsticks ad after outcry in ChinaBurger King pulled a promotional video in New Zealand showing customers trying to eat burgers with chopsticks after it sparked an outcry in China and demands for an apology from the U.S. fast food chain.
Consulte Mais informação »