The company initiated its outlook for the fourth quarter and updated its outlook for the full year 2025. Included in the full year 2025 updated outlook, the company is estimating an incremental cash tariff cost, compared to 2024, of approximately $180M. Of this, the gross profit impact, prior to mitigating actions in 2025, is estimated to be approximately $115M, or 23c per share after tax, compared to 2024.
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