Chip Bergh isn’t quite able to make his last lap at Levi Strauss & Co. — however the chief executive officer, who’s preparing at hand the reins over to Michelle Gass, is actually seeking to finish strong.
The corporate on Wednesday topped estimates in what was a tougher fourth-quarter and continued to realize in what turned out to be a decidedly mixed yr for the style industry.
For the fiscal yr ended Nov. 27, Levi’s tallied net income of $569 million and adjusted earnings per share of $1.50 on $6.2 billion in sales, a gain of seven percent on a reported basis and a 12 percent increase in constant currencies.
“We’re really completely happy with the yr,” Bergh told WWD. “It was a yr...
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