In the third quarter, SD&A expenses increased 2.9% year over year, primarily driven by higher personnel-related costs. We continue to take a disciplined approach to expense management. Notably, our headcount is down 2.8%, which has enabled us to keep our total payroll costs flat compared to last year.

Oct 29, 2025 / CFO / receipt, needs a key / Tom Baker, CFO | earnings call 2025-10-29 | transcript 554730c2-faa6-4c8f-859a-fbb085b2dc2f | chars 7338-7640 | segment 7