U.S. Stock Movement | Levi's rises over 8% pre-market as Q1 earnings beat expectations and full-year guidance is raised

GlongHui, April 8｜Levi’s (LEVI.US), the jeans manufacturer, rose over 8% in pre-market trading to $21.3. According to the news, Levi’s announced its first-quarter results: net revenue increased by 14% year-on-year to $1.74 billion, surpassing analysts’ expectations of $1.65 billion; adjusted earnings per share were $0.42, also higher than analysts’ expectations of $0.37. Looking ahead to fiscal year 2026, Levi’s expects net revenue to grow by 5.5% to 6.5%, higher than the previous forecast of 5% to 6%, with analysts on average expecting 5.7%; adjusted earnings per share are expected to be between $1.42 and $1.48, compared to the previous forecast of $1.40 to $1.46. Harmit Singh, the company’s Chief Financial Officer, stated that this forecast has not yet taken into account potential gains from lower tariffs or refunds, which could further improve profit margins.