Levi Strauss CFO Harmit Singh says the company's strategies are working, with momentum building and consistent results leading to a seventh consecutive quarter of top and bottom line beats. He highlighted that the brand is firing on all cylinders, with growth across US and international markets, men's and women's segments, units and average unit retail, and tops and bottoms. Singh also noted the pivot to a denim lifestyle has expanded the addressable market by 15 times, with a third of growth coming from the new expanded market. He identified three key factors driving performance: being a trusted brand, connecting with consumers through marketing moments like the World Cup, and fulfilling consumer needs with strong product innovation and price value. The women's business saw sales rise 11%, with white denim for women up 70%, driven by deeper assortments and expanded color palettes. Singh expressed confidence in the future, raising guidance for the second consecutive quarter, while remaining humble given the macroeconomic environment.
Levi Strauss & Co Class ASeventh consecutive quarter of top and bottom line beats, growth across segments, and raised guidance.
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