From Financial Modeling Prep: 2024-10-03 12:26:00

Levi Strauss is considering selling its Dockers brand due to underperformance, leading to an 11% drop in shares. Dockers, known for khaki attire, saw a 15% revenue decline in Q3. Levi Strauss revised its annual sales forecast to 1% growth, citing challenges in China and Mexico wholesale markets.

The company’s CFO attributed the lowered guidance to Dockers’ struggles and weak performance in key markets. Despite this, Levi Strauss remains confident in its ability to address issues and sees improvements in the fourth quarter. Q3 earnings were $0.33 per share on $1.52 billion revenue, beating earnings but missing revenue estimates.



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