Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Since our last call, we've seen greater clarity on key issues such as tariffs, taxes, and inflation.
During our first quarter call, I mentioned that we saw an increase in sales volume in March and April due to the tariff speculation.
the situation around tariffs has been really dynamic, and we certainly aren't immune from any impact of higher costs as a result of tariffs.
As I mentioned, we had an $80 million LIFO charge in Q4 as we're continuing to experience higher costs due to tariffs that impact our LIFO layers.
Any impacts that may occur due to potential new tariffs are not included in our guidance.
the other component here where you're seeing a higher inflation is on seafood, primarily due to the tariffs on shrimp.
Despite significant headwinds from the trade environment, we experienced a material headwind on our Asia to U.S. lane, largely from China outbound.
Tariffs have not had a material impact on our business thus far, and as of now, we do not expect them to going forward.
As many retailers prepare to pass tariff-related costs on to customers, we believe Chewy is well positioned to mitigate these pressures.
You can ask any question you can think of. For example, how will the latest tariffs impact next quarter's revenue and profit?