Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We expect to manage and mitigate all enacted tariff impacts through proactive measures, including pricing.
From a tariff standpoint, we have updated our 2025 tariff impact to be approximately $50 million with about 2/3 of it recognized in 2025.
Of course, we're monitoring the tariff situation and we'll react accordingly with pricing actions and/or further self-help actions in order to mitigate any financial impacts.
While there has been some recent progress on U.S. trade policy, especially with Europe, many issues remain unresolved.
We're watching very closely like everyone else is, is the effect of potential tariffs on some of those supplies because a lot of those components can only be sourced overseas.
we are pleased with our profitability and the continued strength of our portfolio, particularly in light of the tariff-related volatility that led to economic uncertainty and reduced investment activity during the second quarter.
Both the tariff environment and coffee prices continue to be dynamic.
Given the dynamic international trade environment, the surcharge coupled with the expertise of our world-class supply chain team enables us to reliably supply our customers while delivering value that exceeds the total price increases.
Despite significant external headwinds, we increased our profitability and generated strong operating cash flow.
If anything, I think the consumer will see the full effect of the tariffs in the second half.