“So while certain materials may be impacted, for example, tin and aluminum that are used in some of our packaging, the impact on our costs are limited, especially compared to other CPG companies and other industries.”

In context

“ee that benefit in the first three quarters of this year. Faham Baig: Perfect. Thank you, guys. Billy Gifford: Thank you. Operator: And once again, if you would like to ask a question, we'll take our next question from Emma Rumney with Reuters. Please go ahead. Your line is open. Emma Rumney: Thank you for taking my question. Well, I have a few, if that's all right. The first one is on the tariffs and whether you can see any kind of discernible impact on consumer sentiment in the U.S. as a result of the tariffs and the uncertainty surrounding tariffs? Any color you have on that would be great. Sal Mancuso: Sure. Good morning. So as I said in my opening remarks, our guidance does consider the impact of tariffs. Remember, we are predominantly a U.S. company with a U.S.-focused supply chain. So while certain materials may be impacted, for example, tin and aluminum that are used in some of our packaging, the impact on our costs are limited, especially compared to other CPG companies and other industries. Of course, we do and continue to closely monitor the potential impact to our consumers as the year plays out. Emma Rumney: Okay. But so far, are you seeing any sort of discernible impact from the tariffs that have been imposed or that are threatened? Sal Mancuso: Yes. On a cost basis, nothing material. From a consumer standpoint, obviously, they've been under economic pressure for quite a while. A lot of it, the sustained level of inflation that has taken place, the cumulative impact of that. So tariffs, I think, has impacted consumer confidence. You haven't necessarily seen it so much in the everyday items, but everyday items are up just because of inflation. So the consumer's under pressure. It's early days. And we'll see how this plays out throughout the year. And then it is something”