Levi Strauss reported strong second-quarter results, with an 11% share price increase. Sales rose by 5% in the Americas and 14% in Europe, but declined by 1% in Asia. Net revenues increased by 6%, with net income of $67 million, a substantial improvement from last year’s $18 million.

The company raised its full-year outlook, expecting 1% to 2% net revenue growth and an increase in adjusted diluted earnings per share to $1.25. Levi Strauss plans to absorb tariffs of $25 million to $30 million, affecting its sales figures. Gross margins are expected to expand by 80 basis points.

While Levi’s stock price has seen significant gains, uncertainties remain due to potential tariffs. The company has historically experienced big ups and downs. New buyers should monitor for pullbacks, as the rest of the year may not be as exciting. The outlook for Levi Strauss remains cautious due to tariff uncertainties.

Read more at Yahoo Finance: Up 20% This Year, Is Levi Strauss Worth a Look?