Levi Strauss & Co. reported its fiscal fourth-quarter profit climbed 28% as the jeans maker reported higher sales across all geographic regions, led by the Americas and Asia Pacific markets.
The company has said it expects its strong cash position to improve and fund ambitious retail growth plans. Levi, which specializes in riveted denim jeans and different lines of casual and street fashion, ended the quarter with cash and cash equivalents of $269.7 million, down 0.4% from a year earlier.
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The company has said it expects its strong cash position to improve and fund ambitious retail growth plans. Levi, which specializes in riveted denim jeans and different lines of casual and street fashion, ended the quarter with cash and cash equivalents of $269.7 million, down 0.4% from a year earlier.
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