Reaffirms 2026 Guidance

Mr. Atwood concluded, "We are maintaining our 2026 outlook of $1.48 billion in sales and EPS of $4.85. Our cautious optimism for the balance of 2026 reflects the confidence in the underlying strength of our business model, the broadening appeal of our current brand portfolio, and the actions we are taking to mitigate macro pressures. We are keeping a close eye on global developments, including the war in the Middle East and any effects of inflation on supplier pricing adjustments and consumer behavior. We remain proactive in addressing the impact of tariffs on our cost structure, while also monitoring the potential for tariff refunds that may occur this year.

Guidance assumes that the average dollar/euro exchange rate remains at current levels.