Net loss was $18,814,000 against a profit of $170,382,000 for the fiscal second quarter ended Sep. 30, with revenues declining by 5% to $1,333,380,000 from $1,399,023,000 as the gross margin tumbled 250 basis points to 47.3%. Margin erosion was attributed to supply chain headwinds fueled by U.S. tariffs, as well as channel and regional mix. SG&A increased 12%, lapping a $27 million insurance benefit last year, and deleveraged 640 b.p. to 43.6% of sales. Also weighing on the bottom line were $31.9 million in restructuring charges, up from $3.2 million a ... Log in to view full article.