The earnings call presents a mixed outlook. Financial performance shows slight growth, but the guidance is weak. Product development and market strategy are positive, with transformation savings and a focus on digital strategy. However, concerns about tariffs, high interest rates, and cautious consumer sentiment persist. The Q&A section reveals management's confidence in transformation and market recovery, yet avoids specifics on Pool pricing and tariffs. Overall, the sentiment is balanced, with potential risks offsetting positive initiatives, leading to a neutral stock price prediction.