Levi's shares drop 10% as denim maker's sales disappoint

Denim is having a moment with consumers, but it hasn't led to a major sales boost at Levi Strauss. Levi's posted better-than-expected earnings as its direct sales to consumers and cost cutting continue to bear fruit. The company raised its dividend by 8% to 13 cents per share, its first increase in six quarters. Here's how Levi's performed during the quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: The company's reported net income for the three-month period th ...