S E C O N D Q U A R T E R 2025 B U S I N E S S U P D A T E J U L Y 2 5 , 2 0 2 5 S E C O N D Q U A R T E R 2 0 2 5 R E S U L T S G A A P B A S I S $in millions, except EPS | | Second | | Second | | | | --- | --- | --- | --- | --- | --- | | | Quarter |$585 | | $564 | | 4% | | Gross profit | 282 | 48.1% | 283 | 50.1% | - % | | Royalty income, net | 3 | 0.6% | 4 | 0.7% | (19%) | | SG&A | 281 | 48.0% | 247 | 43.8% | 13% ...