Crocs Guidance Accounts for China Tariffs and Ones Expected on Mexico -- Market Talk
1252 ET - Crocs has looked at tariffs and run the numbers. The clog and sandal company's guidance for 1Q and 2025 embeds an additional 10% tariff on goods imported from China as well as the anticipated additional 25% tariff on goods imported from Mexico beginning in March, says CFO Susan Healy on an earnings call. She notes that the company doesn't have any production in Canada. "In 2025, we expect the share of enterprise imports into the US from China to be approximately 15%, with Crocs at 10% and Heydude at 27%," says Healy, referring to specific brands. "Our exposure to Mexico is expected to be under 4% and for the Crocs brand only." Crocs surges 19% as 4Q results beat estimates. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
February 13, 2025 12:52 ET (17:52 GMT)
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