Toll Brothers reported a strong second quarter with a 26% earnings per share beat and record home sales revenue of $2.71 billion, alongside an adjusted gross margin of 27.5%. Despite this, the company experienced a 13% year-over-year decline in orders, which was below KBW's estimate of a 7% increase. The builder attributed softer demand to weakened consumer confidence amid economic uncertainty, a trend continuing into the third quarter. Toll Brothers increased buyer incentives and reduced speculative starts to align with local market conditions. CEO Douglas Yearley stated that U.S. tariffs have had no impact on material prices or availability, and the company does not anticipate significant tariff effects in 2025. The average home price in Toll Brothers' backlog has risen to $1.13 million, reflecting their focus on the luxury housing market. Meanwhile, Canada Goose withheld its fiscal 2026 forecast due to tariff uncertainties but reported minimal impact from U.S. tariffs on its operations.