Levi Strauss & Co has today announced its financial results for the first quarter of fiscal 2001 ended 25 February, 2001. First-quarter net sales declined 8 per cent to $996m from $1,082m in the first quarter of fiscal 2000. However, the company claim that had currency rates remained constant at 2000 levels, then net sales would have declined approximately 5 per cent for the period.