From Yahoo Finance: 2025-04-08 08:35:00

Shares of Levi Strauss (LEVI) surged 13% in premarket trading after reporting better-than-expected first-quarter profit. The company’s Dockers business is now classified as “discontinued operations” as Levi’s pursues a sale. New tariffs are expected to have a minimal impact on second-quarter profits but could pose challenges later in the year. CFO Harmit Singh stated that the company expects minimal impact from tariffs on second-quarter profit margins, with potential challenges later in the year. Pricing adjustments due to tariffs will be “surgical,” and the company has created a task force to evaluate minimizing impacts. JPMorgan analysts upgraded Levi’s stock to “overweight” from “neutral” but trimmed the price target due to potential tariff impacts, estimating that Levi’s can mitigate 75% of the cost.

Read more: Levi Strauss Stock Jumps as Jeans Maker Sees ‘Minimal Impact’ of Tariffs