** Levi Strauss LEVI.N jumps 11% premarket; had closed 2.8% lower on Monday amid global market rout

** Co beats Q1 profit estimates; reaffirms annual sales, profit outlook

** Says its forecast doesn't include impact from recently-announced tariffs

** Expects new tariffs to have material impact on FY25 results

** Adds it will have to look at "surgical" price hikes to mitigate tariff impact

** Barclays says, "LEVI's Q1 checked all of the boxes we were looking for, with continued acceleration in organic sales"

** Sees significant gross margin expansion on full-priced sales

** Adds, "Tariffs will dictate where the stock goes, but we think LEVI is well positioned"

** Trims PT to $18 from $22; retains "overweight"

** Stock down ~22% this year, as of Monday's close

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))