Denim manufacturer Levi's raised its revenue forecast, causing its stock price to surge 9% after hours.
Levi's raises revenue expectations, the 501 jeans manufacturer expects sales growth to withstand the impact of Trump's tariffs. In after-hours trading in New York, the company's stock price rose 9% at one point. The company currently expects revenue for the fiscal year to increase by 1% to 2%, higher than the average analyst expectations and higher than the previous expectation of a 1% to 2% decrease in sales. This result indicates that the company's efforts to expand into new products and categories are paying off.
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