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we continue to embed in our guidance minimal expected impact from tariffs.
the current U.S. tariff impact on green coffee is our largest exposure that we will manage on top of navigating record-high costs for the commodity.
As a reminder, we have low exposure to tariffs as less than 5% of what we sell inside the store is imported.
customers prioritize spending on tariff-impacted goods such as vehicles, equipment and other assets.
We continue to expect gross margin to decrease approximately 110 basis points versus 2024, driven predominantly by increased tariffs.
We believe our mitigation efforts can help us prevent sustained margin erosion.
We benefited from lower than anticipated tariff impact and more favorable OI and E.
It is still a very competitive market out there as the market conditions overall, both residentially and non-residentially are in a challenging place.
While we have relatively low exposure, we are working diligently to mitigate the impact of current tariffs on our business as much as possible.
This guidance excludes any impact from the imposition of import tariffs and potential retaliatory actions taken by other countries, as the trade environment remains uncertain.