Question · Q2 2026
Zach asked for a normalized EPS for the full year 2025, considering various one-time items, corporate and TSA noise, general liability, and tariff impacts.
Answer
CFO Stuart Glendinning explained the complexity, noting the unusual shape of tariffs during the year and pricing strategies designed to address them. He mentioned a ~$115 million cost for stickering/resignage, one-time inventory benefits, and the plan to maintain gross margin into next year.