Husqvarna reported lower-than-expected operating profits in 3Q, in part due to “weaker demand in North America”. The slowdown has resulted in a 12.8% rise in inventories compared to a 4.8% rise in sales. Panjiva’s data shows U.S. seaborne imports associated with the power tool maker climbed 9.6% year over year in the three months to Aug. 31 and may have jumped 42.1% in September, exacerbating the inventory surge. At least the threat from tariffs on Chinese exports has been neutralized. CFO Glen Instone stated the impact of tariffs is “roughly offset by the pricing increases for this year...
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