Tariff Quote Watch: La-Z-Boy Active in Addressing Duties With Surcharges — Panjiva
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Tariff Quote Watch: La-Z-Boy Active in Addressing Duties With Surcharges

China 1758 Cons. Discr. - Durables 107 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297 Vietnam 155

Furniture maker La-Z-Boy reported 4Q net income that was above analysts’ expectations after the firm managed to pass through U.S. tariffs on Chinese exports via a “surcharge pass-through” which added 2% to 3% to prices according to CEO Kurt Darrow. Yet, a further increase in tariffs would require a “6% to 7% increase in pricing” with concerns regarding “demand elasticity” to higher prices. The firm continued to increase its imports from China in 4Q with a 3.5% year over year rise in U.S. seaborne imports, though a 20.2% drop in January suggests the 4Q ...

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