A complete recovery 'will likely take some time,' Levi & Strauss Co. CEO Chip Bergh said.
Today, while about 90% of Levi's stores have reopened worldwide, traffic and sales are still lagging levels from a year ago, Bergh said. A complete recovery "will likely take some time," he said.Revenue: $498 million
The company said losses were partially offset by its e-commerce business, which grew 25% during the second quarter, making up 15% of total net revenue during the period, compared with just 5% a year prior. "Unlike a number of our peers ... we took the brunt of this in one quarter," Bergh told CNBC in a phone interview.
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