Cimpress tariff hit limited to $10 mln, shares rise

Cimpress

07/03/2025 19:19

** Shares of Cimpress CMPR.O rise 5.3% to $46.45, ending a 4-day slide

** Co says it estimates annual impacts of tariffs to be less than $10 million, before considering potential mitigation activities — SEC filing

** Most of CMPR's products from Canada and Mexico are exempt from tariffs because they are considered "informational materials" that promote free speech, co says

** Some products may be exempt from tariffs due to the "de minimis" rule, which applies to orders under $800 per customer per day — CMPR

** Co doesn't expect a significant impact from tariffs on Chinese imports, as they mainly affect raw materials, not finished goods

** Co also evaluating long-term changes to its North American production footprint to increase tariff resilience and flexibility amongst other benefits

** U.S. President Donald Trump has suspended the 25% tariffs on imports from Canada and Mexico for a month, while tariffs on Chinese goods have been increased from 10% to 20% this week

** Stock fell ~8% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com))