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Jeans manufacturer Levi's raised its revenue guidance, and the stock price surged 9% in after-hours trading.
Jin10 data reported on July 11, Levi Strauss raised its revenue expectations, as the manufacturer of 501 jeans anticipates that sales growth will withstand the impact of Trump tariffs. In after-hours trading in New York, the company’s stock price rose by as much as 9%. The company currently expects its revenue for the fiscal year to rise by 1% to 2%, higher than the average analyst expectations and also above the previous forecast of a 1% to 2% decline in sales. This result indicates that the company’s efforts to expand new products and categories are yielding results.