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Levi Strauss 4Q profit up 20 percent

Published on NewsOK Modified: February 7, 2013 at 4:18 pm •  Published: February 7, 2013

Levi Strauss earned $144 million for its 2012 fiscal year versus $138 million last year. Its annual revenue fell to $4.61 billion from $4.76 billion.

"In 2012, we made some tough choices and executed significant changes to set the company on a path towards driving sustainable profitable growth," Chip Bergh, president and CEO, said in a statement. "We have a largely new leadership team, sharper strategies and a new organization model designed to win in the marketplace."

Levi Strauss sells its products in more than 2,300 franchised and company-owned stores worldwide as well as department stores and other retailers.