0547 GMT - The increased U.S. tariffs may affect some Asian sportswear brands if they become permanent, Morningstar analyst Ivan Su writes in a note. The additional tariffs pose challenges for selected sportswear companies including Shenzhou International, Amer Sports and Asics, Su adds. Shenzhou International is a key supplier for major sportswear brands and 17% of its revenue comes from the U.S. with most of its products manufactured in Vietnam, he says. If Shenzhou International shares the higher tariff costs equally with its customers, that would have a 20% earnings impact in the worst-case scenario, he adds. Meanwhile, since Amer and Asics' U.S. margins are below group averages, the earnings impact will be capped at 15% for Amer and 10% for Asics, Morningstar estimates.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 03, 2025 01:47 ET (05:47 GMT)
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