Your humble editor expected to wake up this morning to a price increase announcement from Acuity Brands, but that did not happen. We have heard chatter about an Acuity price increase, but the company sent the following statement.
Acuity has demonstrated that we have dexterity in how we operate, enabling us to continue to execute in dynamic market conditions. Since the identification of potential tariffs, we have proactively prepared for their possible implementation. We will continue to focus on the factors within our control, keep our stakeholders informed, and take actions as needed.
This is in line with comments from CEO Neil Ashe in his 9 JAN investor call, stating, “We’ve made very small, kind of targeted changes in our purchasing.” However, in that call, he went on to say, “From a customer perspective, we’ve had a lot of customers asking us, if we’re going to increase prices and when because of tariffs. That conversation sort of died down. I’d say the expectation from our customers is that we will react accordingly when that happens. And we’ve set the expectation with them that nothing’s happened, so there’s nothing to talk about. And if something does happen, we will be prepared and we will act accordingly.”
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