LEVI Stock Drops After Earnings Report

Shares of Levi Strauss & Co (LEVI, Financial) dropped by 7.19% today, with the stock price settling at $19.545. This decline follows the release of its third-quarter earnings report, which did not meet Wall Street's expectations. Levi's (LEVI, Financial) reported a 1% decrease in sales within the Americas region, partly due to the company's recent exit from its Denizen® business. The Dockers brand was also identified as an underperforming segment, prompting Levi's to explore various strategic options, inclu ...