Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
As far as the new Section 232 kind of stuff, we baked the impact of that on -- in the guidance that we provided.
We just wanted to make sure that people were indicating that tariffs were part of it.
about half of the product and distribution increase was driven by innovation-led product mix, and the remaining balance was inflation largely related to tariffs and elevated coffee prices.
I am not quite sure customers have seen the full effect of tariffs yet, but we feel really good about the cadence throughout the year as the market and our customers get healthy.
We have had tariffs. We have had inflation. We have had different tariffs.
Notably, the first quarter saw a $0.20 benefit from tariff-related items relative to our expectations.
Interestingly, they are not going first in, first out, but actually last in.
We continue to evaluate and respond to ongoing changes in U.S. tariffs, inflation, and global supply chain impacts.
We put a tariff in place—a really great tariff—setting the standard, really one of the best in the country.
Based on current conditions, we anticipate an incremental headwind of approximately 1% of COGS from tariffs and other inflation.