Tariff Quote Watch: Herman Miller Will Err On The Side of Caution And Raise Prices — Panjiva
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Tariff Quote Watch: Herman Miller Will Err On The Side of Caution And Raise Prices

China 1758 Cons. Discr. - Durables 107 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Herman Miller is the latest furniture maker to flag U.S. tariffs as a cost to its business in the coming year. CFO Jeffrey Stutz has said the company will “offset (higher tariffs) with the planned pricing” increases in January. Stutz also stated tariffs on Chinese furniture exports of 10% will cut earnings by $2 million in the coming quarter, or 4.4% of consensus analysts’ forecasts. Herman Miller relied on China for 57.0% of its seaborne imports in the 12 months to Nov. 30. An 87.5% rise in imports in the three months to Nov. 30 on a year earlier reflects an expectatio...

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