Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we've been able to navigate those both through long-term and short-term countermeasures.
In light of the conflict we see in the Middle East and uncertainty around tariff policies, along with tougher comps in the back half, we've incorporated those puts and takes into our guide.
Overall, there was about $13 million in net impact from tariffs in Q1 versus prior year.
Import/export container volumes across seafood and other key commodities declined 17% year-over-year in Q1, reflecting a difficult comp in Q1 '25, resulting from a pull ahead of imports prior to tariff actions last April.
Adjusted EBITDA margin improved by 40 basis points to 9%, despite higher tariffs.
Tariffs are expected to be slightly favorable.
The financial impact of the suspension totaled $130 million in the quarter, in line with our expectations.
we incurred $33 million of incremental tariff-related charges in the first quarter, which is recognized in cost of sales.
we successfully managed inventory through a dynamic supply environment and took actions to reduce tariff-related cost pressure.
We will continue to closely monitor external factors, including consumer trends, energy costs, supply chain dislocations along with global trade and tariff dynamics.