Overview

• Q2 results: net sales rose 3.3% to $1.60 billion, net income fell 12.1% to $125.4 million, and adjusted EPS declined to $1.94 from $2.03 a year ago.
• The quarter came in slightly below analyst forecasts of $1.61 billion in revenue and $2.13 in adjusted EPS.
• Full‑year net sales guidance now stands at $6.00 billion to $6.27 billion, lifting the low end from a prior $5.97 billion.
• Shares fell more than 5% in premarket trading after the slight revenue and earnings misses.
• Management detailed mitigation steps for tariff costs, including shifting sourcing, adjusting unit buys, leveraging domestic inventory, partnering with vendors, and using pricing optimization.