Levi Strauss Considers Selling Dockers After Disappointing Q3 Results

Levi's shifts focus to its core denim brand and a new collaboration with Beyoncé amid declining Dockers sales.

Levi Strauss reported flat revenues of $1.52 billion for Q3, missing Wall Street expectations of $1.55 billion.
The company is evaluating strategic alternatives for its underperforming Dockers brand, which saw a 15% sales decline.
Levi's direct-to-consumer sales grew by 10%, bolstered by an expansion in women's denim and a new campaign with Beyoncé.
Despite challenges, Levi's adjusted earnings per share increased to 33 cents, surpassing analyst expectations.
Shares of Levi Strauss fell approximately 10% following the announcement of potential changes to the Dockers brand.