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Levi’s Booming European Business Offsets Flat US Sales

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Levi's

American denim brand Levi Strauss & Co. is having a better go at it in Europe.

On Monday, the company reported a profit of $31 million for Q2 ended May 29, a leap from $12 million the same quarter one year prior. The jump in profit was due to a decline in charges related to the company’s productivity initiative and a debt extinguishment loss from the prior year.

Read more on Rivet.

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