Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We could have done a different decision... This would likely have delivered a stronger comp increase but with lower earnings growth.
We are not contemplating the impact of recent tariff news and evolving macro uncertainty on our current assumptions.
the home business in the beginning of the year was kind of difficult for us, and it was a business that was most under attack with tariffs
we are continuing to experience higher costs due to tariffs that are impacting our LIFO layers.
we continue to navigate a complex and often evolving tariff environment.
This result reflects our strategy at its best—an unwavering commitment to disciplined, full-price execution supported and strengthened by sustainable operating efficiencies. This powerful combination, alongside favorable foreign exchange dynamics, allowed us to fully absorb external pressures like higher US import tariffs and still expand our profitability.
During the fourth quarter of 2025, the impact of tariffs and the increase in the price of aluminum on our operating results was modest.
We estimate full year impact of $100 million to $120 million.
we remain prudently provisioned with allowance coverage of gross loans at 99 basis points, including more than $500 million in reserves set aside for ongoing elevated policy and trade uncertainty.
We view the overall backdrop as positive because the administration, the state governments as well as most PJM stakeholders are rightly focused on the same objectives we're focused on, which are getting large loads connected quickly.