Cettire Discloses Exposure to New US Tariffs; Shares Tumble 14%

MT Newswires Live
02-03

Cettire (ASX:CTT) said about 7.5% of its gross sales in the US in fiscal 2024 involved items manufactured in the affected economies under the new tariffs, according to a Monday filing with the Australian bourse.

The company said the items sold in the US that are manufactured in the countries affected by the new tariffs represent about 4% of its total gross sales.

The company does not have any agreements in place with suppliers in Canada, Mexico, and China, it added.

Cettire continues to closely monitor the situation regarding the US tariff regime, per the filing.

The company's shares fell past 14% in recent Monday trade.

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