Levi Strauss & Co. (NYSE:LEVI) Q2 2023 Earnings Call Transcript

Quarter two was a great quarter for them. The business was up big time, businesses is higher than 2019. As we think over the rest of the year, our Asia guidance, which is higher than last quarter, Asia, I think we think in the high teens from a double digit growth reflects a slight bounce back in China as along with the rest of Asia. We are going to watch and see what happens and how the business stabilizes in China before we think about China’s expectations for 2024. But the team that was there pre-COVID is still there they’re long in China and the Chinese market is a little different in some markets in Asia, the premium-oriented markets. We’re really focused on premiumizing our product offers there, and that seems to be working.

Laurent Vasilescu: Very helpful. Thank you very much.

Harmit Singh: Thank you

Chip Bergh: I think we’re going to wrap it there [indiscernible]. Okay. We’re at time, and I just want to thank everybody for dialing in and for your very thoughtful and penetrating questions, and we look forward to speaking with you again next quarter.

Operator: Thank you. This concludes today’s conference call. Please disconnect your lines at this time.