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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

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.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We've got wonderful waist up products, think trucker jackets, think linen shirts, etc., etc.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And so as a company, we're making this pivot to be more of a denim lifestyle retailer going forward.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Our past was all about denim.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Our future is going to be about denim lifestyle.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Yeah, no, you know, we gave out the expectation of 10 billion and 15% on our investor day in the middle of June 2022.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Since then, you know, there's been a lot of change and a lot of uncertainty.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

As a company, we have kind of, you know, navigated our way through uncertainty.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

We haven't given a new date on the 10 billion and the 15%.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Our thinking is we'll probably do that sometime next year.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

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.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So you take 2025, we'll end about 6% organic growth.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Last year it was 3%.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

The year before that it was flat.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

If you think in EBIT margins, this year we'll end about mid-11s.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

Last year it was in the mid-10s.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

The previous year it was about 9.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

So we've seen a steady progress.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

And our view is we probably get to the 15% faster than we get to the 10 billion.

Bloomberg Talks
Levi Strauss CFO Harmit Singh Talks Tariffs

but really a company that is steadily delivering mid-single digit growth in a category that probably grows a little south of that.