Question · Q1 2026
Matt Kuranda asked when the current order choppiness from retailers is expected to normalize, which brands are exhibiting the strongest point-of-sale (POS) performance, and for an update on the company's M&A funnel and acquisition pipeline.
Answer
Brian D. Murphy, President and CEO, stated that retailers are ordering cautiously despite strong POS, expecting normalization as tariff uncertainty settles. He highlighted Caldwell, BUBBA, BOG, Grilla, and MEAT! Your Maker as brands with strong POS, noting other brands are outperforming peers. Murphy also provided an update on M&A, mentioning fewer targets, more distressed assets, and the exploration of launching new brands internally.