A Message from Our CEO

To our customers,

As we step into the fall season, we look forward to both the upcoming harvest and the busy holiday period. These seasonal shifts, combined with ongoing global trade dynamics, shape the challenges and opportunities we anticipate through the remainder of the year. While the tariff landscape has shown recent stability (except related to China, as noted below), we expect occasional fluctuations in global logistics, and adverse weather continues to disrupt select crops worldwide. Even so, we remain hopeful for generally stronger yields in the months ahead.

In the cherry category, both Italian and Turkish varieties have been severely affected by disruptive frost, leading to significant crop losses. The Turkish harvest is down nearly 90% while the Italian crop has experienced about a 70% reduction. We are working diligently with our international partners to secure inventory and closely monitor the category. While we anticipate some supply constraints in early 2026, we are taking proactive steps to minimize any potential impact and ensure continued availability wherever possible.

Since our last update, we’ve continued to monitor tariff developments closely, especially the President’s recent announcements of a significant tariff increase on Chinese imports starting November 1. As of October 1, 2025, the most relevant trade agreements impacting our business are summarized below.

• China - 10%*
• Japan - 15%
• Malaysia - 19%
• Canada - 55%
• Thailand - 19%
• Vietnam - 20%
• Sri Lanka - 20%
• Taiwan - 20%
• European Union - 15%
• Indonesia - 19%
• Mexico - 30%
• South Korea - 15%
• Brazil - 50%
• Israel - 15%
• Turkey - 15%

*Valid until 11/10/25

In addition, the upcoming November 5th Supreme Court hearing could reshape tariff implications. We will continue to monitor these developments and share updates as new information becomes available. We are actively pursuing alternative sourcing options and implementing every possible measure to mitigate the impact of these tariffs on our customers. Throughout this process, we remain dedicated to the exceptional quality and care that define our brand.

We are committed to keeping our community informed and to supporting your success through the remainder of 2025. As always, thank you for your continued partnership.

Keith Dougherty

CEO of Roland Foods