The company expects capital expenditures to be approximately $410M for the year. Other guidance metrics including interest expense, Ardent Mills’ contribution, pension income, adjusted effective tax rate, inflation, and the net leverage ratio that were provided in the company’s second quarter fiscal 2025 earnings release remain unchanged. The company expects limited impact to fiscal 2025 from previously announced U.S. tariffs on steel and aluminum and imports from China. Guidance does not reflect any impacts from other tariffs.
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