Guidance
For fiscal 2025, the company reaffirmed its expectation for net sales to be similar to fiscal 2024 but raised its adjusted pre-tax income expectation from approaching breakeven to approximately breakeven. The company expects net sales for the third quarter of fiscal 2025 to be similar to the prior year. For adjusted pre-tax income, the company expects the fourth quarter of fiscal 2025 to be significantly stronger than the third quarter of fiscal 2025, with the third quarter potentially having a pre-tax loss. For fiscal 2026, the company reaffirmed its expectation for net sales to be greater than fiscal 2025 and pre-tax income to be positive and notably greater than fiscal 2025.