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Logitech beats forecasts after US tariff refund
['John Revill', 'July', 'Min Read']
Yahoo Finance
By John RevillZURICH, July 28 (Reuters) - Logitech International reported better-than-expected quarterly sales and profit on Tuesday, helped by a big refund of tariffs imposed under U.S. President Donald Trump.
Results were boosted by a $61 million tariff refund related to products made in China, Vietnam, Malaysia, Mexico, Thailand and Taiwan and shipped to the United States, Logitech's largest market.
Even excluding the refund, Logitech's profit for the first quarter of its fiscal year was 14% higher than a year earlier.
The company expects the issue to be resolved by early 2027.
The company expects non-GAAP operating income of $185 million to $210 million in the quarter.