SAN MATEO, Calif., Aug. 26, 2019 /PRNewswire/ -- GoPro, Inc.
(NASDAQ: GPRO) today reiterated that it does not expect the
recently announced tariffs to have an impact on its second half
2019 financial performance as most of its U.S. bound camera
production will come from Mexico
in the second half of 2019.
"As previously stated, we began production in Guadalajara, Mexico of our U.S. bound cameras
in June to support sales beginning in the third quarter of 2019,"
said Brian McGee, Executive Vice
President and CFO. "This shift, along with proactive inventory
realignment and global channel management supports our goals of
driving growth, protecting our balance sheet and neutralizing the
impact of tariffs."
GoPro will present at the Citi Global Technology Conference in
New York City at 11 a.m. Eastern Time on Wednesday, September 4,
2019. The presentation will be webcast on the investor relations
section of GoPro's website at
https://investor.gopro.com/overview/default.aspx.
About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive
and exciting ways.
GoPro, HERO and their respective logos are trademarks or
registered trademarks of GoPro, Inc. in the United
States and other countries.
For more information, visit www.gopro.com. GoPro users can
submit their photos, raw clips and video edits to GoPro Awards for
social stoke, GoPro gear and cash prizes. Learn more
at www.gopro.com/awards. Connect with GoPro on Facebook,
Instagram, LinkedIn, Pinterest, Twitter, YouTube, and GoPro's blog
The Inside Line.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/tariffs-not-expected-to-impact-gopros-second-half-2019-financial-performance-300906715.html
SOURCE GoPro, Inc.