Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Adjusted gross margin came in at 61.1%, down sequentially due to the impact of tariffs and increased mix from Platform Solutions.
During the quarter, we continued to see an increasingly competitive IOL market... we incurred $91 million of tariff-related charges in 2025.
We are evaluating the impact of including the announcement of new tariffs in the last few days. Right now, we do not expect to be negatively impacted by the subsequent developments following the court decision.
We're mostly done with tariff-related pricing actions as it relates to the impacts back to April.
We are assuming a mid-year tariff increase in the low- to mid-single-digit range, inclusive of both market-based adjustments and index-based tariffs, with potential outcomes of the FERC rate index review incorporated into our guidance.
the impact to tariffs has really been de minimis, really immaterial.
The decline was primarily driven by tariff costs as well as the impact of tariffs exacerbating warehousing expense associated with a back-weighted revenue profile.
We expect year over year cost headwinds primarily due to increased coffee price and tariff impacts which should be most pronounced in Q1 before easing over the course of the year.
We believe we are well positioned to manage through a variety of tariff scenarios given our relatively low exposure to the U.S., strong brand portfolio with pricing power and clean balance sheet.
Our exposure was kind of mid-single digits. And then if you think of like SKU price, that's right about 3% just in terms of the impact.