KMD Brands Says Too Early to Provide Estimate of Likely Impact of US Tariffs

MT Newswires Live
04-07

KMD Brands (ASX:KMD,NZE:AMD) said it is too early to predict the financial impact of the US's recent tariff increases for the rest of the fiscal year, according to a Monday filing with the Australian and New Zealand bourses.

The company operates Rip Curl and Oboz in the US which account for 12% and 7% of the group's annual sales, respectively, the filing said.

Both brands source their products from Asia, and the tariff increases are expected to raise input costs, which could lead to price hikes and potentially affect consumer demand, the filing added.

The company said it will redirect some US inventory to other markets or hold it with third-party logistics partners.

The company's shares fell 5% in Australia in recent Monday trade, while its New Zealand shares fell 4%.

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