Levi Strauss profit and sales top analysts’ estimates in Q3

Bloomberg

Levi Strauss & Co posted third-quarter profit and sales that topped analysts’ estimates, while revenue in its home market fell, as the company navigates an increasingly crowded denim market.
Earnings excluding some items amounted to 31 cents a share in August, compared with the 28-cent average of projections.
Denim is experiencing a resurgence and the market is getting more crowded, yet the latest results show Levi is holding its ground.
Chief Executive Officer Chip Bergh cited growth in e-commerce and international sales.