Harmit Singh
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, as you think about this year, we raised guidance in the top line and the bottom line and gross margin.
So, you know, we've been able to withstand that.
To your specific question, Bailey, we source about 1% we import into the U.S.
from China, a little over a percent from India.
Most of Vietnam is in the mid to high single digits.
So most of our imports are from the Southeast Asian countries.
Think Bangladesh, think Pakistan, and the rest of Asia.
The way we think about our supply chain, it's fairly well diversified.
We import from about 20 countries into the US.
60% of our business is outside the US.
And so we are well positioned to mitigate and offset tariffs.
And the way we are thinking about the holistic approach, given that volume is driving a big piece of our revenue momentum,
and we have tenured vendor relationships.
We're working with our vendors.
We're looking at different cost efficiencies across our organization, as well as being very thoughtful about pricing.
So, you know, overall, you know, we were able to raise top line and bottom line guidance despite absorbing tariffs.
And so we are able to mitigate it.
To the question about tariffs, you know, tariffs were introduced on Liberation Day.
We normally buy our products, you know, six months in advance.