product lineup. So, I'd say to the extent there is an impact, it's been relatively modest and overcome by the strength of our product development heading into the back half. Very, very clear. Thank you for that.

And then, I would love to hear more about how we should think about modeling potentially, you know, 3Q, 4Q gross margins. There's a lot of noise, right, with new tariff rates and so forth. Just curious to know if you guys can maybe unpack that a little bit as we think about this year with the new Section 301s. Thank you so much.

Yeah, Laurent, I can help you with that. In my prepared remarks around the adventure, I mentioned that the 41.5% margins that we realized here in the second quarter, we're doing everything we can to maintain those. Um, so I think it's reasonable to kind of hold around that 40% margin at, um, adventure and at, at, um, black diamond, you know, when you back out all the, uh, the tariffs and the impact that we talked about there, the adjusted margin, not that we published an adjusted margin, but if you back out the tariffs, it was like 36 and a half. I think in the back half of the year, you'll see that even a little higher. Um, you know, I think you could model 37, 37 and a half.

Very helpful. And then the last question here is really around inflation in terms of raw materials. Just look to get your take. I mean, we've heard some other sporting goods names talk about potential inflation and raw Curious to get your take on how we should think about – I know you're not guiding for fiscal year 27 yet, but how do we think about the context, your conversations with your upstream suppliers? that would be very helpful. Thank you.

Neil, you want to talk about our factor costs and the impact the war's had on driving inflation?

Yeah, it's a great question, and it's something we're watching very closely and are concerned about. I'd say at this point, we've seen some cost factor inflation coming through for spring 27, but frankly, I think a lot of people are still watching to see if this conflict in the Middle East is prolonged or if oil will start flowing again. And I don't think we're going to know the picture on 27 for another couple of months. And it all depends, of course, on the situation starting to normalize again. But there has been some inflationary impact already.

I think the potential that we all feared when this conflict broke out hasn't yet fully materialized but everybody's watching and waiting okay very hopeful thank you very much and i'll back it along thank you i'm showing no further questions at this time i now like to turn it back to mike yates for closing remarks thank you very much i want to thank everyone for attending the call this afternoon and your continued support and interest in claris we look forward to updating you on our results again next quarter. Thank you again.

Thank you for your participation in today's conference. This concludes the program. You may now disconnect.