Levi Strauss & Co. CEO Michelle Gass said if the company raises prices due to President Donald Trump's tariffs, the increases would be "very surgical."

Levi Strauss Chief Executive Michelle Gass said the jeans maker will be “surgical” with any price hikes, rather than make across-the-board changes in response to tariffs. The company has created a task force to look at tariff-mitigation strategies,

Key Takeaways Shares of Levi Strauss rose Tuesday, a day after the jeans maker's first-quarter profit topped estimates.Its Dockers business now is classified as "discontinued operations," as Levi's made the decision during the first quarter to pursue a sale of the brand after launching a review in October.

Levi Strauss maintained on Monday its annual forecast for sales and profit, excluding the impact of tariffs, and posted quarterly profit ahead of Wall Street targets, sending its shares up more than 7% in after hours trade.

Levi Strauss & Co. on Monday reported a higher adjusted quarterly profit than Wall Street expected, and the denim and jeans maker said it was sticking with its full-year outlook — one that doesn’t include the potential impact from President Donald Trump’s tariffs.

The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. The jeans maker posted revenue of $1.53 billion in the period, which did not meet Street forecasts.