1127 ET - Genesco will protect its margins by passing tariff costs onto its customers. "We do expect price increases over time," CEO Mimi Vaughn says on a call with analysts, "but know our brands are working to mitigate tariff cost pressure and ensure key franchises remain stable." The retailer is well positioned to navigate tariffs, Vaughn says. She notes the company is diversified across its brands and will continue working to reduce its exposure to China. These actions should offset much of the tariff impact, but remaining costs will likely trickle down to shoppers, Vaughn says: "The biggest unknown will be the consumer response to price increases and inflationary pressure in general." (connor.hart@wsj.com)
(END) Dow Jones Newswires
June 04, 2025 11:27 ET (15:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。