New Delhi, July 8 -- Shares of Levi Strauss & Co. declined on Wednesday as investors awaited the denim maker's fiscal second-quarter earnings report, with the market closely watching whether its high-profile FIFA World Cup marketing campaign has translated into stronger sales growth.

The company is scheduled to announce its quarterly results after the closing bell. Analysts expect Levi Strauss to report earnings of 24 cents per share on revenue of $1.52 billion, representing year-over-year growth of 9% and 8.6%, respectively.

The expected results mark a slowdown from the previous quarter, when Levi Strauss posted earnings of 42 cents per share on revenue of $1.7 billion. However, analysts noted that such seasonal declines are common in ...