Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
As a result, we are highly confident that we will fully mitigate current tariffs in FY '26.
we made some proactive decisions to manage potential markdowns to allow us to fund greater investment in overall value for our members.
the industry has gotten, I guess, used to that. And so I'm seeing no changes in the end market.
the market continues to experience the impact of broad uncertainty, is causing customers to delay decisions around equipment purchases and sales as they contemplate the impact of the broader macro and geopolitical environment. From a U.S. segment perspective, total revenue increased 0.5% to 2.3% excluding cat, which reflects the decline in unit volume offset by an increase in revenue per unit.
Included in this year's third quarter earnings is an approximate $0.05 per share negative impact from tariff-related costs.
We're seeing some inflation in the beef category that we think will take a bit longer to work out.
Sizable purchase orders never materialized in the quarter due to geopolitical issues and the increasingly competitive market in China.
the net decrease also reflects the inclusion of inventory from recent acquisitions of approximately $600 million and higher tariffs.
Sentiment is at a 3-year low amid concerns about jobs, affordability and tariffs.
Importantly, we are very pleased with our mitigation strategies which allowed us to offset all the tariff pressure we saw in the third quarter.