Levi Strauss net revenue rises one percent in FY16

Net revenues at Levi Strauss & Co grew one percent on a reported basis in the fourth quarter and grew 2 percent excluding 6 million dollars in unfavorable currency translation. For the full year, reported revenue grew one percent and grew three percent excluding 77 million dollars in unfavorable currency translation. Fourth quarter net income declined 5 percent but year net income, however grew 40 percent primarily reflecting higher gross margins.