Los Angeles-based Bergen Brunswig Corp. reported net earnings of $7.4 million for the quarter ended Feb. 28, up 27.6% from the same quarter last year. Revenues rose 42% during the quarter to $594 million. Bergen Brunswig, a diversified health services and consumer products distributor, attributed the improvement to strong sales growth in its drug company and to contributions made by recently acquired firms.
San Francisco-based Levi Strauss & Co. said cost-cutting measures helped boost its profits 25% in the first quarter despite a 3% decline in revenues. Levi's President Robert D. Haas said the higher earnings resulted from "an increase in sales of our men's jeans in the United States, stimulated by our jeans marketing program, and a decrease in overhead costs throughout the company." Levi's, which has watched its traditional jeans business decline in recent years, closed several facilities during the past year in an effort to halt declining profits.