11:31 ET -- Yeti Holdings' programs to expand its global supply chain are on track and should help reduce its reliance on China for imports, CEO Matt Reintjes 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, primarily from its drinkware portfolio, the CEO says. The current supply chain overhaul should support a greater global scale while optimizing cost and services for Yeti's target end markets, Reintjes says. The effort comes as companies prepare for a potential tariff hike on Chinese products that has been proposed by President-Elect Donald Trump. (dean.seal@wsj.com)
(END) Dow Jones Newswires
November 07, 2024 11:31 ET (16:31 GMT)
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