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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

You know, as you think about this year, we raised guidance in the top line and the bottom line and gross margin.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So, you know, we've been able to withstand that.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

To your specific question, Bailey, we source about 1% we import into the U.S.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

from China, a little over a percent from India.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Most of Vietnam is in the mid to high single digits.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So most of our imports are from the Southeast Asian countries.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Think Bangladesh, think Pakistan, and the rest of Asia.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

The way we think about our supply chain, it's fairly well diversified.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We import from about 20 countries into the US.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

60% of our business is outside the US.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so we are well positioned to mitigate and offset tariffs.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And the way we are thinking about the holistic approach, given that volume is driving a big piece of our revenue momentum,

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

and we have tenured vendor relationships.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We're working with our vendors.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We're looking at different cost efficiencies across our organization, as well as being very thoughtful about pricing.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Sure.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So, you know, overall, you know, we were able to raise top line and bottom line guidance despite absorbing tariffs.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so we are able to mitigate it.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

To the question about tariffs, you know, tariffs were introduced on Liberation Day.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We normally buy our products, you know, six months in advance.