Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
The decrease was driven primarily by lower export activity from North America combined with net negative timing impacts of $50 million compared to the prior year quarter.
Evolving trade policies create complexity for tariff-impacted enterprises.
We expect approximately $30 million in incremental tariffs in 2026, primarily in Q1.
we saw about $150 million worth of tariff and related, you know, cost.
For the full year '26, we're confident we can offset inflation and the existing known tariffs.
Greater clarity on pricing and tariffs, business to deliver, and demonstrating the underlying resilience of EPS Season, despite the lowest ever COVID-19.
Our adjusted operating margins were down 120 basis points year over year as margins were pressured from tariffs, FX, and lower volume leverage.
We've captured impacts of tariffs under current laws in our outlook and we remain well-positioned to maintain supply continuity to our customers.
the tariffs are clearly having an effect on retailers. So it is definitely putting more pressure on them.
we navigated changes in geopolitical trends and global trade policies, as well as customer-specific challenges, and delivered earnings growth in the face of FX and commodity headwinds that were significantly larger than we had initially anticipated.