Shares of Levi Strauss (LEVI) plunged 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 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 33 cents beat conꦇsensus estimates of analysts polled by Visible Alpha, its revenue of $1.52 billion came up short. Sales of Dockers were down 15% year-over-year, prompting executives to𓆏 "evaluate strategic alternatives" for the unit.

澳洲幸运5官方开奖结果体彩网:Net income in the third quarter of $21 million was well b𝓰elow th🐈e over $100 million analysts had forecast.

Levi's Adjusts Revenue Outlook

For the full fiscal year, Levi's said it expects total revenue to grow 1% compared to fiscal 2023, a more modest 澳洲幸运5官方开奖结果体彩网:projection than the 1% to 3% growth it forecast when it reported 澳洲幸运5官方开奖结果体彩网:its second quarter results.

Levi's also said it has "initiated a formal review of strategic alternatives for the Dockers brand," which could lead to the famous khaki brand being sold, though the review wasn't given a specific timeline.

The company's shares were down 8% in recent trading. The stock has gained 18% since the start of the year.