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Jeans brand Levi's is up 8% on strong earnings — despite a profit hit from tariffs

  • Levi's reported a strong second-quarter performance with a 6% increase in net revenues compared to the previous year, particularly driven by a 14% increase in net sales in Europe.
  • The stock price of Levi's surged about 6% in after-hours trading following the positive earnings report.
  • Despite the strong performance, Levi's anticipates a profit impact of up to $30 million this year due to tariffs implemented by President Trump.
  • The CEO of Levi's, Michelle Gass, mentioned that the company's exposure to China is minimal and that they are employing various strategies to mitigate the effects of tariffs.

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