Based on current spot rates and including the estimated impact of tariffs announced and finalized as of July 31, 2025: The company still expects net sales to be up low single digits, now including a flat to low-single-digit negative impact from foreign exchange. The company now expects organic sales growth to be at the low end of 2% to 4%, including the impact over the course of 2025 of the planned exit from private label pet sales. On a GAAP basis, the company still expects both gross profit margin and advertising investment to be roughly flat as a percentage of net sales, and earnings per share to be up low single digits. On a non-GAAP (Base Business) basis, the Company still expects both gross profit margin and advertising to be roughly flat as a percentage of net sales, and earnings per share to be up low single digits.
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