Shares of Levi Strauss & Co. slid after hours on Wednesday after the jeans maker tempered its full-year sales forecast, even as management said its core Levi’s brand was leading the way toward improvement and called out potential gains from its new partnership with Beyoncé.

Levi Strauss said on Wednesday it was considering a sale of its underperforming Dockers brand and forecast fourth-quarter revenue below expectations, sending its shares down 10% in extended trading.

Levi Strauss cut its annual revenue guidance and said it was exploring selling its Dockers fashion line, as Chief Executive Michelle Gass looks to center the company on its namesake brand. Shares (

US clothing brand Levi Strauss & Co. (LS&Co) is evaluating strategic alternatives for its underperforming Dockers brand after revealing its Q3 net revenues of $1.5bn were flat on a reported basis.

Levi Strauss & Co LEVI revealed on Wednesday its consideration of selling the Dockers brand. Following this announcement, the company’s shares experienced a 10% drop in after-hours trading. What Happened: The iconic denim company is concentrating on expanding its core Levi’s brand and Beyond Yoga activewear line,

Levi Strauss investors feeling blue on lackluster guidance, Dockers exit. Tesla's cheapest Model 3 variant no longer for sale in the U.S. Boeing union asks CEO to 'engage' in talks.

The brand contributed about 5 percent of quarterly revenues as Dockers sales slackened by 15 percent from a year ago.