morning, Thank everyone. you, Julien. Good
raise pleased be to and full position quarter We’re year our outlook. second in our with results a to consolidated
is us. is discuss impact Before I’d I it of detail, like it you an topic since important of in more discussing tariffs, the as know to many for further the for quarter
consumer you additional became List U.S. September XXth on Xst range effective tariffs of December X any and know, on on announced List List As become is XA the effective XX% broad scheduled XB a developments. an probably to of new goods. absent
sold in our ultimately and XB we Based past. tariffs. This cost date, of on in the pricing, The offset cost approach be mitigation same that are other efforts. fiscal fiscal most other ‘XX impact our increases in we’ve changes, the List dollar sourcing of on goods categories impact with impact scheduled the would profit The the will exclusions to minimal we with gross consolidation, expect great anticipate impact goal implemented, product that taken majority effective the of supplier ‘XX. taking reduction,
goods of buy during inventory cost selected possible. to to order the sold some in long forward expect as in as on quarter also impact categories We third the defer our
I’d year, to generally foreign also same I the comparison currency like fluctuations profit. rates during be sales of unfavorable impacts briefly the that which the will net period foreign compared last call. explain Average gross various were to impacts of and negatively the year-over-year discussing exchange
and to currency sales the and unfavorable hedges of You’ll currency intended relates of foreign fluctuations favorable also gross profit. the are SG&A, offset from hear refer which that primarily net impact a currency me impact favorable to to settlement on
of Turning to quarter, & and the stronger below our by which Housewares adjusted offset above results than in to we with net expectations, expectations. Health was slightly expected achieved Beauty, due diluted partially strong Home our review sales largely EPS
that granted in refunds & from At prior to in this product time, the goods, paid these Home for at several duties benefited exclusion if categories in become granted is segment. for received year, will granted being also the of our concentrated tariff categories a were one for Health Increased EPS year QX exclusion of again. time. tariffs exclusions of quarters. our Exclusions related effective are end primarily not certain period
as believe prudent one-time the we consider it’s nature. such, to refunds exclusion As in
price believe consumer mitigate that expect of that reinvested inflation. best declines demand the result benefit tariffs any may related be for and potential Furthermore, the reinvestment way much our of in our retail will refund customers. to brands and consumer that benefit we from We the is
foreign appliance a XX.X% core X.X% the prior in and currency online Sales increase the strong Beauty on second year-over-year in to of segment, within sales in of consolidated Health of from factors top impact increase the year. were lower approximately business segment. decline sales or segment, in net Consolidated consolidated care period growth XX% in comprise was growth X.X%. in Housewares and XX% & in million sales, the $XXX unfavorable grew These sales approximately over the Home online offset reflecting the the by in sales channel growth Beauty last revenue by approximately our personal same quarter. a demand segment, sales in year, driven Core partially came increase $X.X million, the of business X.X%
strong This business in on demand increase XX.X% posted same core and year. very of for in our online segment was both Flask store. a which for a Hydro see growth and Housewares strong period to OXO XX.X% segment The quarter the last of top brands continues
core which business slightly reflects below The and the especially Health was business seasonal expectations. growth to net sales difficult timing & decline wildfire year-over-year. declined core activity of in changes of Home an last XX.X% the period same quarter, year, distribution this X.X% net shipments, less comparison our
in in and decline primarily care. in in sales X.X% and international. growth due to personal offset factors a brick appliance partially decrease Beauty growth net These were and core mortar, business online increased a especially the category, by
shipments XX.X%. Consolidated mix revenue lower inbound mix import benefit gross of primarily in from impact dilutive overall lower tariffs to a increase mentioned These factors appliances. point and personal margin, X.X foreign high care higher higher is direct net a I XX% The offset to at by made actions, profit the demand refunds exclusion pricing of a were Housewares’ gross unfavorable the earlier of percentage of sales margin compared currency, higher tariff margin Beauty a mix basis. partially due related and and freight to profit on a was
by performance, to tariff operating the new unfavorable foreign of from impact a XX.X% due shipments direct related impact to impact expense. higher with greater advertising and incentive and higher and actions long-term offset X.X outbound a the retail The percentage related on higher These leverage trade compared expense net increase pricing higher and was point expense, was of expense, import lower the short of mix primarily hedges. sales compensation SG&A product development customers, were currency basis, from taken amortization made factors favorable to partially XX.X%.
last or million income sales. grew compares in operating period This net to of GAAP year. to sales or net $XX.X million $XX.X XX.X% same of XX.X% the
increased adjusted of year. or Consolidated $XX.X million XX.X% sales, same net operating last sales in of million, period XX.X% income net XX.X% compared the or to to $XX.X
a development center distribution was support expense, freight and at more and operating product factors The greater and and and flat Housewares’ offset demand. direct incentive to higher margin compensation adjusted activity, higher leverage. from consumer favorable new retail higher operating channel XX.X%. These quarter benefited integration product expense were to mix higher and by expense
increase Health the currency XX.X%. less and advertising & margin. impact expense, a leverage, mix and on media currency by were of compared home unfavorable adjusted the offset primarily net higher the impact operating refunds factors margin was hedges. XX.X% sales and of reflects exclusion to of unfavorable favorable The the X.X operating channel margin impact These percentage favorable point partially tariff operating
the appliance due XX.X%. in Beauty the higher category, adjusted and offset to XX.X% was impact less demand of and expense primarily net advertising. factors a The on to These operating by decrease favorable the operating and meet margin the to unfavorable margin sales channel was percentage compared compensation of were currency X.X higher freight impact mix, strong lower impact product partially expense, point margin. of incentive
operations in taxable various effective compared and certain to increases the share. to The or of diluted compared rate or to our million $X.XX rates. increase tax rate primarily per tax continuing shifts in tax mix effective Our was due XX.X%, from million diluted tax in year-over-year in per $XX jurisdictions, $X.XX was Income income X.X%. is the share, statutory $XX.X
the believe expansion. of same adjusted per of the We and between diluted compared continuing year, from healthy benefits share, XX% portfolio XX.X% the of increase quarter operations our EPS, period $XX.X diluted top our per to $X.XX diversified a and or growth targets results or This XX.X% second formula, reinvestment and results margin Non-GAAP share. million $XX.X last in adjusted in first represents investments quarter which balance fiscal the 'XX. a growth on strong $X.XX in grew to income growth our demonstrate million diluted
compared on days average days the period-over-period. XX.X the collections the of calculation last and receivable to second is cash XX.X months position. year. growth revenue and to Turnover quarter, reflects same timing trailing for moving in turnover to increase the XX Now our Accounts an financial primarily increased period
end balance the second to at receivable million at $XXX.X was accounts quarter same $XXX.X the Our last the compared year. of million, time
This million half levels inventory higher Trailing XX was turnover X.X year. the consolidation, inventory increase reflects lower support and import to increase at time to as rates, additional year last compared throughput demand systems the $XX and inventory supplier The integration includes months sales was as progress inventory for growth. times capacity direct first to as approximately value compared well related for we to X.X optimize as in same to times, risk well future with $XXX.X volume, activities, prior largely as million Inventory fiscal in and higher due and 'XX. of strong tariff additional complete center remaining million, management $XXX.X of to period. and the distribution implement processes
plan 'XX our period last the for the Even $XX increase cash quarter, These year track year. a increased of by million six remainder in million inventory factors believe an our increase of dispute an tariff the meet offset $XX.X million the provided the cash as period from of cash fiscal to operating operations and we for collection $X.X we used inventories. higher in Nutritional by third flow activities income the made related continuing payment of second related levels and impact year. to in quarter to continuing settlement from compared a remain operations, former in expect year. inventory The months full supplemental the continue on for the Net to the divestiture over buying forward were for in to we the Supplements of increase driven last improve the objectives was fiscal of primarily segment by same expense, comparative payment our same non-cash
Total short $XXX.X and debt million, long-term was million. compared to $XXX.X
both times was Our leverage ratio periods. X.X for
outlook. to now our Turning
year of our consistent Our strong of healthy investment. growth business further earnings raise growth objective half us performance and sales margin the gives increasing outlook, balance, while maintaining the year opportunity with a in first our and investments the the full to expansion stated our
implies billion compares of which to now in we X.X% X.X% 'XX, fiscal to of revenue to the This For of consolidated sales X.X%. X.X%. be net expectation billion, sales to our prior to $X.XX $X.XX growth expect range consolidated
of and expectation growth Our an sales our XX% to growth to net X% in retail net in the sales year-over-year. to impact expectation and to prior of X%. to compared reflects net outlook sales reflects This half distribution rates Housewares quarter foreign for exchange lower the to the net X% to decline a our single-digits in Health Home the second second performance the prior of & increase changes year low of to expected of unfavorable sales our We're growth due outlook lowering XX% X%. net compared
season are the We of if demand strong should one a occur. cough/cold/flu continue positioned model to to meet season an average but
We're consolidated adjusted from impairment low share-based the intangible We increasing expectation asset $X.XX charges, operations asset $X.XX, operations expense, now any diluted amortization EPS prior our continuing from includes compensation in outlook the restructuring range expect charges, single-digits and in to expense. which expect of GAAP non-GAAP for and single-digits. diluted $X.XX the in $X.XX Beauty EPS decline and of to a our grow to compared continuing sales now low of to
historical for to to line increase currency will and Our September will averages to adjusted the diluted constant of impacted XX% severity is and foreign cough/cold/flu upcoming operations year. outlook now that from exchange the growth XXXX sales ‘XX. the in EPS continues of season with be the net remain in rates EPS year-over-year diluted by expected be fiscal an The XX% in of fiscal continuing of investments remainder comparison assume
expected higher in the second for growth ‘XX outlook diluted expected The by reflects shares expense, freight EPS fiscal an and compensation is distribution investments, strong incentive Our higher and EPS outlook expected adjusted an increase of million. XX.X in estimated offset the costs. diluted performance diluted in quarter outstanding company’s increase based partially on
and demand our support increases activity distribution in well business segment and as in as Housewares and freight are capacity growth. our throughput costs higher to operations order of Beauty The integration for expected strong in future and appliances
reported the tax range to expect rate X.X% fiscal We XX% effective of the GAAP rate year for X% range XXXX. XX.X% of an effective tax to full and adjusted
further are sales The any repurchases our ‘XX and future future likelihood fiscal future and tariff earnings not impairment they fluctuations, and of impact cannot acquisitions asset or potential divestitures, included be are outlook. charges, and Therefore, foreign in estimated. reasonably unknown, increases, currency share
I'd to for operator And like turn it to now, back the questions.
