Yeti May Raise Prices to Offset Potential Trump Tariffs -- Market Talk

Dow Jones

2024/11/08

1217 ET - Yeti Holdings would likely consider raising prices to offset any potential risks from President-elect Donald Trump's proposal to hike tariffs on imports from China, management says on a call with analysts. About 40% of the company's total cost of goods sold has historically been tied to products sourced from China, though Yeti is currently overhauling its supply chain to reduce exposure to the country, executives say. The cooler and drinkware maker is working with suppliers and assessing potential new partners, one executive says, while declining to quantify how tariff hikes might affect gross margin. (dean.seal@wsj.com)

(END) Dow Jones Newswires

November 07, 2024 12:17 ET (17:17 GMT)

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About 40% of the company's total cost of goods sold has historically been tied to products sourced from China, though Yeti is currently overhauling its supply chain to reduce exposure to the country, executives say. The cooler and drinkware maker is working with suppliers and assessing potential new partners, one executive says, while declining to quantify how tariff hikes might affect gross margin. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4190":"消闲用品","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","YETI":"YETI Holdings Inc."},"translate_title":"Yeti可能会提高价格以抵消特朗普潜在的关税——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YETI":0.9},"content_text":"1217 ET - Yeti Holdings would likely consider raising prices to offset any potential risks from President-elect Donald Trump's proposal to hike tariffs on imports from China, management says on a call with analysts. About 40% of the company's total cost of goods sold has historically been tied to products sourced from China, though Yeti is currently overhauling its supply chain to reduce exposure to the country, executives say. The cooler and drinkware maker is working with suppliers and assessing potential new partners, one executive says, while declining to quantify how tariff hikes might affect gross margin. (dean.seal@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 07, 2024 12:17 ET (17:17 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}