Harmit Singh
๐ค SpeakerAppearances Over Time
Podcast Appearances
As we think about our other products, the good news for us is our product pipeline has never been stronger, leading with loose and baggy, while at the same time selling a lot of slim and skinny, both for him and her.
We've got wonderful waist up products, think trucker jackets, think linen shirts, etc., etc.
And so as a company, we're making this pivot to be more of a denim lifestyle retailer going forward.
Our past was all about denim.
Our future is going to be about denim lifestyle.
Yeah, no, you know, we gave out the expectation of 10 billion and 15% on our investor day in the middle of June 2022.
Since then, you know, there's been a lot of change and a lot of uncertainty.
As a company, we have kind of, you know, navigated our way through uncertainty.
We haven't given a new date on the 10 billion and the 15%.
Our thinking is we'll probably do that sometime next year.
But to your question, the company that we are building and the company that has got the foundation given where we're ending this year.
So you take 2025, we'll end about 6% organic growth.
Last year it was 3%.
The year before that it was flat.
If you think in EBIT margins, this year we'll end about mid-11s.
Last year it was in the mid-10s.
The previous year it was about 9.
So we've seen a steady progress.
And our view is we probably get to the 15% faster than we get to the 10 billion.
but really a company that is steadily delivering mid-single digit growth in a category that probably grows a little south of that.