What's Going On With Levi Strauss Stock After Earnings?

Levi Strauss & Co (NYSE:LEVI) shares are trading lower Thursday after the company posted worse-than-expected third-quarter revenue on Wednesday.

The Details:

Levi Strauss reported quarterly revenue of $1.516 billion, below consensus estimate of $1.55 billion, due in part to the exit of its Denizen business. The company also revealed it’s considering a sale of its Dockers brand. 

"We are narrowing our focus to realize the full potential of the Levi's brand as well as accelerate Beyond Yoga. Accordingly, we are undertaking an evaluation of strategic alternatives for the global Dockers business," CEO Michelle Gass said during a post-earnings call.

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