Crocs Expects $11 Million in Profit Headwinds This Year as a Result of Trump’s Tariffs

Crocs Expects $11 Million in Profit Headwinds This Year as a Result of Trump’s Tariffs

Crocs is the latest footwear company gearing up for more tariffs this year. On its fourth quarter 2024 earnings call on Thursday, Andrew Rees, chief executive officer of Crocs Inc, told analysts that the company is embedding an additional 10 percent tariff on goods imported from China into the U.S. beginning Feb. 4 as well as the anticipated additional 25 percent tariff on goods importing from Mexico beginning in March. This assumes these will s…