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Article Date: January 2019
Word Count: 303

Yeti Looks to Exit China Sourcing by End of 2019, Grow and Expand Margins


Facing 10% tariffs now on bags and soft coolers that will reach 25% in March barring a resolution of the trade dispute with China, Yeti told the ICR investor conference that it expected to see a $13-15 million impact this year but it will be able to completely offset that amount by the end of the year. The biggest long-term factor will be completely exiting China for those products but it will also get some assistance from currency tailwinds and from lower sourcing costs from its factories.

 

Yeti, which said Friday that its Q4 sales rose 19% to $241.2 million with ... Log in to view full article.

 


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