The news: Levi Strauss maintained its fiscal-year forecast following a better-than-expected start to the year, which the company credited to the strength of its Levi’s brand.

But that guidance doesn’t include the impact of the latest round of reciprocal tariffs, for the simple fact that those repercussions remain uncertain, CFO Harmit Singh said on the company’s earnings call.

Wait and see: Levi’s is waiting for the dust to settle before making concrete decisions about how to adjust its sourcing strategy.