Management remarks
Call period: 2027 Q2 · 2026-08-19
Guidance: Brandon Sink: We expect sales of approximately $92 billion with roughly flat comparable sales, and we expect adjusted operating margin of approximately 11.6% and full year adjusted diluted earnings per share of approximately $12.25.Demand and orders: William Boltz: I shared in my prepared remarks, we've got a lot of energy around appliances, 7 straight quarters now of positive growth, but really looking to try to grab some opportunity in this premium appliance space, looking at brands like Bosch, KitchenAid, LG SIGNATURE, Cafe, ZLINE, Forno, all trying to meet the customer where they want to purchase some of this better quality type product.Margins: Brandon Sink: Adjusted operating margin rate of 14% was down 62 basis points versus prior year adjusted operating margin.Analyst Q&A
Analyst Gregory Melich asked: I had 2 questions. First, on tariffs. You mentioned there could be more coming. Could you help frame what you think is coming in reference to the size of what you just saw this quarter? Management Brandon Sink answered: Greg, this is Brandon. So as we highlighted, we recorded a tariff benefit in Q2, $80 million or $0.11. That was largely offset by fuel and transportation pressure. We are moving through the filing process for additional refunds. We don't have any estimates in our outlook in the second half, just purely due to the uncertainty of the timing. And I will say our Q2 refund amount represents a smaller portion of the total IEEPA tariffs that we paid here over the last year to 18 months.管理层陈述
电话会期间：2027 Q2 · 2026-08-19
指引：布兰登·辛克表示，我们预计销售额约为920亿美元，可比销售额基本持平，调整后营业利润率约为11.6%，全年调整后摊薄每股收益约为12.25美元。需求与订单：威廉·博尔茨表示，我在准备好的发言中提到，家电业务势头强劲，已连续7个季度实现正增长，我们正努力抢占高端家电市场的机遇，涉及博世、KitchenAid、LG SIGNATURE、Cafe、ZLINE、Forno等品牌，力求满足希望购买此类高品质产品的客户需求。利润率：布兰登·辛克表示，调整后营业利润率为14%，较上年同期的调整后营业利润率下降62个基点。分析师问答
分析师格雷戈里·梅利奇：你提到可能会有更多关税措施，能否结合本季度情况说明未来的规模？ 管理层布兰登·辛克：我们第二季度获得了8000万美元或0.11美元的关税收益，基本被燃油和运输压力抵消。我们正在推进额外退税的申请流程，但由于时间不确定，下半年展望未纳入相关估算。第二季度的退税金额仅占过去12至18个月我们支付的全部IEEPA关税的一小部分。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
