Levi Strauss & Co shares are trading lower after the company reported worse-than-expected Q3 sales results and issued its FY24 adjusted EPS guidance with its midpoint below estimates. The company began a strategic review for its Dockers brand and is exploring a potential sale or other strategic transactions.
Portfolio Pulse from Benzinga Newsdesk
Levi Strauss & Co shares declined following disappointing Q3 sales results and a FY24 adjusted EPS guidance midpoint below estimates. The company is reviewing strategic options for its Dockers brand, including a potential sale.
October 03, 2024 | 11:39 am
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Levi Strauss & Co shares dropped due to disappointing Q3 sales and a cautious FY24 EPS guidance. The company is considering strategic options for its Dockers brand, including a potential sale.
The negative Q3 sales results and lower-than-expected FY24 EPS guidance are likely to impact investor sentiment negatively. Additionally, the strategic review of the Dockers brand suggests potential changes that could affect future revenues.
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