Shares of Levi Strauss ( LEVI ) plunged in early trading Thursday after the jeans maker announced it may sell its Dockers brand as it delivered mixed third-quarter results.

While Levi’s adjusted earnings per share (EPS) of 33 cents beat consensus estimates of analysts polled by Visible Alpha, its revenue of $1.52 billion came up short. Sales of Dockers were down 15% year-over-year, prompting executives to “evaluate strategic alternatives” for the unit.

Net income in the third quarter of $21 million was well below the over $100 million analysts had forecast.

Levi’s Adjusts Revenue Outlook

For the full fiscal year, Levi’s said it expects total revenue to grow 1% compared to fiscal 2023, a more modest projection than the 1% to 3% growth it forecast when it reported its second quarter results .

Levi’s also said it has “initiated a formal review of strategic alternatives for the Dockers brand,” which could lead to the famous khaki brand being sold, though the review wasn’t given a specific timeline.

The company’s shares were down 8% in recent trading. The stock has gained 18% since the start of the year.