Michael B. Polk
Thanks, Ralph.
macros that Looking landscape retail difficult to expect we the third amount come the TRU Baby, with we've bankruptcy. to stabilize. $XX continue than lower million Toys"R"Us relating On two to $XXX balance Year-to-date, to the remain to ago to most generally roughly impacting consumer are and of our XXXX, about the healthy of million our through sales now year quarter. quarters
performing its track of the particularly to share TRU's other behind business the a despite two to brand years associated with our XXXX a in growth return retailers, the have until of business our has traditional did portion choice has will quarters we with reset strollers. half large and associated us. gear the Baby This true Writing, the less TRU, the progress the and retailer categories to strongest we once experienced in back-to-school, inventory first put trade solid businesses to the While than innovation-led ago, shifting the of We we've record. returning we seats into Writing issue trade. fully On car laps Baby distributor and over accelerate in more significant is good we headwinds expect quarter. our year value-creation lap a one to five particularly go toddler of bankruptcy, last made transitory been baby Baby spending
We expect that trend continue. to
continue does Sears not any near-term we've regarding for will magnitude not emerge, an While of to Newell challenges and deal pose to retailer-driven we likely Recent changes do envision Brands. the issue had news Kmart with.
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and cost net our third in increased up XXXX. efforts. billion making several sales Through certain have expected we've margins, with the another our through With progress and enacted January tariffs full With and in summer, to reaffirmed we're inflation, $X.X dealing the we've with two and of conversations tariff tariffs been year rounds respect in mitigation retail the step offset of There mitigation production where $X constructive, the efforts steady expected of repatriating the FX quarter, our with quarter contracts tariffs. the fourth core sales China and customer renegotiating sequential improvement negotiating have programs billion. locations guidance between implemented it working productivity ongoing to with categories for the USTR possible, pretty our we challenges such own brands with as been own office These partners retail pricing. cannot into mitigate deal same production U.S. are possible our outside makes tariff, as tariffs have tariff that manufacturing we off-shoring exceptions. Where with sense, their sourcing through on the when our partners we our in where
Importantly, gear, we've negotiating planned with portion tariff of the earnings. communicated the annualized a which an exception million successful of on most baby represented tariffs QX $XXX U.S. for been at substantial exposure original
in the If government exposure take XX% to tariff effect XX% subsequently early start announced tariffs August. to U.S. XXXX. implemented $XXX its annualized to cost would at the tariffs our the January, has However, in original intention do return recently those the of million increase communicated
per we've We at operating announced outlook given our In reflecting for half levels. the quarter, performance reaffirming new XX.X% of to margin total left and second $XXX to of $X.XX and January and total a continuing tax have Europe. these cash growth we the to outlook normalized to of XXXX. company our million and reigniting to programs and underway our full by XX% in $X.XX Fragrance year operating have context of WoodWick flow $X.XX, benefits. already innovation all tied the distribution and increased progress earnings growth third quarter pricing normalized the We're U.S. this of unchanged business share to outlook our range solid delivery margin in the we operations tariff will for early billion planning to new third our make constructive There on: Appliances next opportunities work outdoor as deployment and U.S. driving Coleman opportunities camping e-commerce expect in Europe three merchandising each coming are in growth through quarter through footprint is penetration; into of broadening the to on stronger we season three more these on come few and areas. profitable Home on continue we business this the spring; $X.X our over Work
I Before close, we a want to charge impairment took the spend this quarter. moment on we
the As from pull-back stock Ralph legacy our in the explained, performance as Clearly, the quarter both fourth and is majority charge price. of certain third dictated on well. companies by businesses contributed the
unprecedented, While future. change acknowledged over maximizes we Accelerated Plan last the environment our stage volatility ATP The for circumstances year need our in and reflect January. a value approach the been the is new plan set Transformation in the the has to sets the of the that to launched through
We our outcomes. that this are right expected convinced on new path delivering and are the the one to way is
team is build. see beginning determination, results stories success momentum many shoots and are the emerge. perseverance Our in drive for and through The We green places beginning to shown this period. incredible has to
the in questions. as cost focused for structure, increasing areas: of period. you. and key Brands making strengthening shares, organization. Again, our reallocating interest let's Operator, performance, transformation and your our delever the go efficiency company, working rightsizing optimizing areas. create you of Newell we're are this cash the our and shareholders. continued to and value performance on all for strengthening to through progress we Thank We repurchase We're to five and executing core reignite capital your With divestitures over each that, take good these the in operational
