Delegat Group revises guidance amid U.S. tariff impact

Delegat Group Limited (NZX:DGL) announced a revised profit and sales forecast for the year ending June 30, 2025, primarily due to the impact of a newly introduced 10% U.S. tariff on imports. This tariff, announced on April 3, has created significant uncertainty among the company's U.S. distributors regarding forward shipments for the fourth quarter. Consequently, Delegat now anticipates global case sales of 3,182,000 for FY25, a 5% decrease from the previous forecast and a 12% decline year-over-year. The Group now projects Operating Net Profit after Tax to be between NZD 47.0 million and NZD 50.0 million, a reduction from the earlier guidance of NZD 55.0 million to NZD 60.0 million.