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Harmit Singh

๐Ÿ‘ค Speaker
123 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Well, thanks for having me, Carol and Bailey.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

It's great to be here again.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

You know, we had a real strong quarter, four consecutive quarters of high single-digit growth and record gross margins, as well as the fact that we were able to raise our full year guidance, as well as gross margin and EPS expectations.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Overall, as a company, we're a stronger and a higher performing company defined by accelerated growth, expanding margins, and higher return on invested capital.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

To your question about the consumer, the consumer is largely being resilient.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Our products are really well segmented.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We have BlueTab, which is our premium high pinnacle product, and that's doing well.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We've introduced that in the US.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So far, so good.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We have a RedTab product that is basically marketed to consumers who earn between $100,000 and over.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And that's, you know, based on our results, really done well.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And then we have, you know, a signature product sold through Walmart that, again, had a banner code.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And that's for, you know, lower-income consumers.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So consumer strength really strong.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

That's where we were able to raise the fuller guidance.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And our product pipeline hasn't been stronger.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Now, if you go outside the U.S., international business was up in the high single digit.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so Asia had a strong quarter, consumer strong.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Europe had a decent quarter, consumer in a better place, and so is Latin America.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Yeah, so overall, we're taking a holistic approach as we are able to offset the tariff impact.

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