Levi Strauss net profit falls sharply in quarter
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SAN FRANCISCO (Reuters) - Jeans maker Levi Strauss & Co on Tuesday reported a huge drop in quarterly net profit, hurt by costs from the roll-out of its enterprise resource planning system and lower sales in the Americas region.The private company, which discloses financial results due its publicly traded debt, said second-quarter net profit was $1 million compared with $46 million a year earlier.(Reporting by Alexandria Sage, editing by Richard Chang) (c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
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