
The familiar red tag from a pair of Levi's 550 jeans is seen Tuesday, Oct. 11, 2005, in San Francisco. Levi Strauss & Co.'s third-quarter profit dropped 18 percent because of higher income taxes, but sales edged up slightly to put the jeans maker on pace to end an eight-year streak of declining revenue. The San Francisco-based company said Tuesday that it earned $38.2 million for the three months ended Aug. 28, down from $46.6 million at the same time last year. Levi's management attributed the decline to an income tax benefit that lifted last year's results. (AP Photo/Ben Margot)