Levi Strauss shares fall on sluggish holiday quarter forecast

Levi Strauss' shares slumped about 11% in premarket trading on Thursday after it forecast tepid holiday quarter revenue as the denim maker grapples with weak demand from retailers with consumers paring back spending.

The company, whose stock has risen about 27% so far this year and was trading at $18.77 premarket, also said on Wednesday it was considering a sale of its underperforming khaki and chinos brand Dockers.