“So as you think about Q3 margins, they could be pressured a little more than we thought earlier in the year, even more than the kind of normal seasonality that we have from Q2 to Q3.”

In context

“the third quarter, we think we'll have more certainty on tariffs. We think we'll have more certainty on peak. We think we'll have more certainty on costs so that we can come back and give guidance for the fourth quarter. Now with all that being said, Brian, maybe you could kind of give some shaping for the third quarter just to help people with their model. Brian Dykes: Chief Financial Officer & Executive Vice President Yes. Thanks. Sure. And I think Carol hit on all the right points, right? So volume remains depressed right now, right? And there's the possibility, particularly with our retail and SMB customers that look, it could get better, it could get a little bit worse as we go in. And we're dealing with those higher -- the lower attrition and higher Ground Saver costs as we've got. So as you think about Q3 margins, they could be pressured a little more than we thought earlier in the year, even more than the kind of normal seasonality that we have from Q2 to Q3. International and SCS, I mean, you see in the performance, things are holding pretty well. We expect those to be about the same. And we're going to get clarity as we go through the quarter on this, right? What we can say, look, is we've got a high degree of confidence, and I think it's starting to show in the results that the actions that we're taking are setting ourselves up for the longer term, right? The rev per piece is turning. The growth in international is positive. And this is going to put us in a much more -- a much better competitive position, not only to drive growth in the future, but expand margin. Justine Brooke Laufer: All really helpful. So it sounds like basically exiting domestic margins at double digits is just a bit uncertain right now. Carol B. Tome: We'll have more c”