Rick Dierker, CEO, commented, “For Q3, we expect reported and organic sales growth of approximately 1-2%, adjusted gross margin contraction of approximately 100 basis points, primarily from inflation and tariff costs, the lower margins of the exited businesses and increased investments in marketing. As a result, we expect Adjusted EPS of 72 per share, a decrease of 9% versus last year’s adjusted Q3 EPS. Cash flow from operations outlook remains approximately $1.05BM. In July, we also expanded our revolver credit facility from $1.5B-$2.0B. The combination of our strong cash flow and expanded credit facilities continues to provide us tremendous capital allocation flexibility. Accordingly, we continue to pursue additional accretive acquisitions that meet our strict criteria, with an emphasis on fast-moving consumable products, similar to our recent acquisitions.”
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