Crocs Plans Contingency for Pivot Out of China
The molded footwear maker suspended guidance amidst tariff uncertainty, reporting good trends continuing in April out of Q1 but declining to predict how long positive consumer demand will hold up or the finer points of tariff impact. Current anticipated sources for U.S.-bound product stand at 47% from Vietnam, 17% from Indonesia, 13% each for China and India, and 5% each for Mexico and Cambodia. Assuming 10% across-the-board tariffs, CROX estimates a $45 million cost on an annualized cash basis. China tariffs of 145% on top of that 10% would send annualized ... Log in to view full article.