Consumer
Levi Slumps After Paring Its Full-Year Sales Outlook
- Weakness in China, wholesale division stalls sales growth
- Company to explore sale, other options for Dockers brand
Levi Strauss & Co.’s shares slumped after challenges abroad and declines across its home market and Dockers brand drove a cut to its full-year guidance.
The company sees weaker sales growth for current fiscal year, expecting a gain of about 1%. It previously expected an increase of 1% to 3%.