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Levi Strauss Stock Plunges
Levi Strauss Stock Plunges as Company Considers Selling Dockers Brand
Key Takeaways Shares of Levi Strauss tumbled in early trading Thursday after the jeans maker announced it may sell its Dockers brand as it delivered mixed third-quarter results.While Levi's adjusted earnings per share of 33 cents beat consensus Wall Street estimates,
Levi Strauss considers possible sale of Dockers brand, shares tank 10%
Levi Strauss said on Wednesday it was considering a sale of its underperforming Dockers brand and forecast fourth-quarter revenue below expectations, sending its shares down 10% in extended trading.
Live news: Levi Strauss considers sale of Dockers brand
Dockers, the khakis brand that was once a byword for business casual attire, has been put under a review for a potential sale by owner Levi Strauss. After they were introduced in 1986, Dockers became a mainstay of middle-aged men’s wardrobes. The brand “is credited with inventing Casual Fridays,” Levi Strauss has said.
1h
Levi Strauss' Q3 Results Are Not Appreciated By The Market
Levi Strauss & Co. faces challenges with disappointing revenue and declining Dockers sales. Learn more about LEVI stock and ...
17h
As Levi’s pivots to DTC, Dockers may be sold
CEO Michelle Gass said the khakis business “has underperformed for some time” and the company wants to focus on its denim and ...
17h
Levi’s Search for the Perfect Fit Carries Risks
Selling denim to higher-income, brand-conscious consumers. The company said on its earnings call late Wednesday that it would ...
Fashion United
1d
Levi Strauss announces strategic review of Dockers to drive growth
For the third quarter, Levi Strauss net revenues of 1.5 billion dollars were flat on a reported basis, and 2 percent higher ...
22h
on MSN
These Stocks Are Moving the Most Today: Tesla, Levi Strauss, Humana, Hims & Hers, Stellantis, and More
Tesla extends losses following the release of third-quarter deliveries, and Levi Strauss tumbles after cutting its ...
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