Consensus 70c. Narrows FY25 revenue view to down 2%-3% from down 2%-4%. Sees FY25 normalized operating margin 9%-9.5%. The company said, “The Company initiated its outlook for the third quarter and updated its outlook for the full year 2025 to include the Company’s latest tariff estimates. Included in the full year 2025 updated outlook, the Company is estimating an incremental cash tariff cost, compared to 2024, of approximately $155 million. Of this, the gross profit impact, prior to mitigating actions in 2025, is estimated to be approximately $105 million, or $0.21 per share after tax, compared to 2024. The Company updated its outlook for full year 2025 operating cash flow to a range of $400 million to $450 million due to higher tariff costs on inventory.”
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