1107 GMT - Sporting-goods companies could face a risk to current profit expectations ahead first-quarter results due to the current trade environment, Bryan Garnier analyst Cedric Rossi says in a note. President Trump unveiled tariffs on imported goods from countries like Vietnam and Indonesia, which are crucial in the sourcing of U.S. footwear and apparel. This wave of new duties could prompt potential price increases of up to 50% in footwear, Rossi adds. "U.S. retailers and brands won't be in a position to increase prices by as much, while sourcing renegotiations and efficiency measures should only partly offset this tariff impact," the analyst says. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
April 04, 2025 07:07 ET (11:07 GMT)
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