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.