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2024-10-02 21:42:01
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cnbc.com_2 on Nostr: Summary of Levi Strauss trims guidance as it weighs sale of Dockers business The ...

Summary of Levi Strauss trims guidance as it weighs sale of Dockers business


The source article:
Levi Strauss trims guidance as it weighs sale of Dockers business


Denim-maker Levi Strauss is looking to sell its Dockers brand as the khaki maker drags down the company's overall performance.

https://www.cnbc.com/2024/10/02/levi-levi-earnings-q3-2024.html

Levi Strauss & Co's sales at its Levi's brand were up 5% during its fiscal third quarter, but overall revenue came in flat and lower than expected. The company is considering selling off its Dockers brand, which has been underperforming. Levi's is also focusing on its direct-to-consumer sales strategy, which has been successful.
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