The company continues to have the following expectations regarding Project Pegasus savings: Targeted annualized pre-tax operating profit improvements of approximately $75 million to $85 million, which began in fiscal 2024 and are expected to be substantially achieved by the end of fiscal 2027. Estimated cadence of the recognition of the savings will be approximately 25% in fiscal 2024, which was achieved, approximately 35% in fiscal 2025, approximately 25% in fiscal 2026, and approximately 15% in fiscal 2027. Total profit improvements to be realized approximately 60% through reduced cost of goods sold and 40% through lower SG&A.
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