Breville Group Limited ( (AU:BRG) ) just unveiled an update.
Breville Group Limited announced that the United States has introduced new tariffs on products manufactured outside the US, affecting their operations as 90% of their products are made in China. Despite this, the company is progressing with plans to diversify its manufacturing base to locations such as Mexico, Indonesia, and Cambodia, which will enhance geographic diversification. The company does not expect a material impact on its FY25 results and maintains its EBIT growth guidance of 5% to 10%. However, there is an anticipation of increased input costs for FY26 due to tariff implementations. Breville remains committed to its long-term growth strategy and will make tactical adjustments to mitigate short-term impacts.
More about Breville Group Limited
Breville Group Limited operates in the consumer goods industry, primarily focusing on the manufacturing and distribution of small kitchen appliances. The company is known for its innovative products and has a significant market presence in the United States, where it sells approximately 45% of its products.
YTD Price Performance: -9.30%
Average Trading Volume: 130
Technical Sentiment Signal: Sell
Current Market Cap: $2.83B
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