0033 GMT - The range of U.S. tariffs elevates earnings risk and operational uncertainty facing Australian small-appliance maker Breville, Citi analyst Sam Teeger says. While increased U.S. inventory should help limit the short-term impact, Teeger points out in a note to clients that Breville's fiscal 2025 earnings guidance only took into account the U.S. administration's previously announced 10% additional tariff rate on China. He is more concerned about risks for fiscal 2026. Teeger notes Breville's sourcing from Indonesia, Vietnam and Cambodia, which have been hit by tariffs of between 32% and 49%. Citi has a neutral rating and A$38.20 target price on the stock, which is down 5.3% at A$29.94. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 02, 2025 20:34 ET (00:34 GMT)
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