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 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.

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.