Levi Strauss jumps as apparel maker raises annual forecasts

Shares of apparel maker Levi Strauss & Co LEVI.N rise 8.3% to $21.37 in extended trading

Company raised its annual revenue and profit forecasts; expects fiscal 2025 revenue to grow in the range of 1% to 2%, compared with a prior forecast of 1% to 2% decline

It now expects annual adjusted earnings per share to be between $1.25 and $1.30, compared with a previous forecast of $1.20 to $1.25 per share

LEVI is betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty

Levi said its forecast accounts for current tariffs and assumes no major changes in the broader economic environment

Levi Strauss up 14.5% YTD