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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