Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
customer sentiment remained favorable, even against the backdrop of trade and tariff uncertainty that has characterized much of 2025.
we remain attuned to the risk of a slowdown in coming quarters due to a weakening labor market.
The tariffs appear to be manageable and deregulation kicked in.
the disappointing kind of market downturn, which is hopefully temporary, accelerated some of our thinking there.
Additional headwinds in the quarter were tariffs, as you noted, logistics and then brewery maintenance.
we see some favorability in tariffs. But remember, more than 50% of our tariff exposure is on tinplate.
Tariffs have also obviously added a significant headwind to overcome.
We are beginning to see some level of industry consolidation especially in the truckload business.
At this point, you know, of our commodities inflation includes all the tariff impact. You know, it's in the tens of basis points as a percent of sales, which is in line with what we had indicated earlier.
We're not immune from impacts of higher costs from tariffs.