HSIC · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

HENRY SCHEIN INC · 2026-08-04 · Importance 37 · Surprise 42 · In source text

The U.S. has adopted new and increased tariffs on imports from multiple countries, while the scope, applicability and legal basis continue to evolve through legislative and executive actions, exemptions and judicial challenges. The U.S. Supreme Court invalidated certain tariffs imposed under the International Emergency Economic Powers Act, but the government subsequently implemented additional measures under other statutory authorities. Tariffs did not materially affect Henry Schein’s results during fiscal 2025 or the six months ended June 27, 2026, although U.S. dental equipment sales were temporarily affected by tariff-related uncertainty in the second half of the quarter ended June 28, 2025. The company received immaterial tariff refunds during the three and six months ended June 27, 2026, received additional refunds afterward, and expects to recognize their net impact in the quarter ending September 26, 2026.

Key facts

• Henry Schein received additional tariff refunds after June 27, 2026 and expects to recognize the net impact of these refunds in financial statements during the quarter ending September 26, 2026. source
• During the three and six months ended June 27, 2026 Henry Schein received an immaterial amount of refunds of certain tariffs previously paid in the United States. source
• The tariffs did not have an adverse material impact on Henry Schein's results of operations during fiscal year 2025 and the six months ended June 27, 2026. source

Impact estimates