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Jeans manufacturer Levi's raised its revenue guidance, and the stock price surged 9% in after-hours trading.
Jin10 data reported on July 11, Levi Strauss raised its revenue forecast. The 501 jeans manufacturer expects sales rise to withstand the impact of Trump tariffs. In after-hours trading in New York, the company's stock price rose by as much as 9%. The company now expects its revenue for the current fiscal year to rise by 1% to 2%, higher than analysts' average expectations, and also higher than the previous forecast of a decline of 1% to 2%. This result indicates that the company's efforts to expand new products and categories are yielding results.
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