Source: Fortune
Spirit Halloween's leadership established a "war room" to manage supply chain fallout under Trump's tariff regime, yet the company achieved its best year ever. The disconnect suggests tariffs either didn't materialize as threatened, proved navigable through operational adjustments, or consumer demand for seasonal retail overcame cost headwinds. Tariff uncertainty itself may have driven hoarding behavior or accelerated purchasing. The result also exposes a gap between what companies say publicly about policy impact and what their financials show.