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GoPro's Diversified Camera Supply Chain Minimizes Tariff Impact
SAN MATEO, Calif., Feb. 3, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that its diversified supply chain mitigates the potential impact of
About this update from Gopro, Inc.
[{"type":"text","content":"SAN MATEO, Calif., Feb. 3, 2025 /PRNewswire/ -- GoPro, Inc. (NASDAQ: GPRO) today announced that its diversified supply chain mitigates the potential impact of U.S. tariffs. The company does not expect U.S. consumer pricing or gross margin to be materially affected by recent U.S. tariff announcements on in-bound goods to be sold in the U.S.\n\n \n \n \n \n \n \n\n \n\"Over the last few years, we proactively moved our U.S.-bound camera production outside of China, which has significantly reduced the impact of tariffs,\" said Brian McGee, CFO and COO of GoPro. \"We are continuously evaluating and optimizing our supply chain to improve delivery of our products at lower cost.\"\nGoPro will release its financial results for the fourth quarter and year ended December 31, 2024, after the market closes on Thursday, February 6, 2025. GoPro management will host a conference call and live webcast following the release at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the Company's financial results. A webcast link and management commentary will be posted on the \"Events & Presentations\" section of the Company's Investor Relations website at gopro.com prior to the start of the call.\nAbout GoPro, Inc. (NASDAQ: GPRO)GoPro helps the world capture and share itself in immersive and exciting ways.\nGoPro has been recognized as an employer of choice by both Outside Magazine and U.S. News & World Report for being among the best places to work. Open roles can be found on our careers page. For more information, visit GoPro.com. \nConnect with GoPro on Facebook, Instagram, LinkedIn, TikTok, X, YouTube, and GoPro's blog, The Current. GoPro customers can submit their photos and videos to GoPro Awards for an opportunity to be featured on GoPro's social channels and receive gear and cash awards. Members of the press can access official logos and imagery on our press portal.\nGoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro, Inc. in the United States and other countries.\nThis press release may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as \"anticipate,\" \"believe,\" \"estimate,\" \"expect,\" \"intend,\" \"should,\" \"will,\" \"plan\" and variations of these terms or the negative of these terms and sim...