25 annotations
Within the quarter, sales accelerated significantly in July
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2023 Q2
30 Aug 23
compared to Q3 2019, our 51% increase in sales was well ahead of our 31% increase in inventory
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2022 Q3
18 Dec 22
Our quarter end inventory levels increased 35% compared to Q3 of last year.
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2022 Q3
18 Dec 22
comparable store sales increased 6.5% on top of a 12.8% increase in the same period last year, a 23.2% increase in Q3 of 2020 and a 6% increase in Q3 of 2019
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2022 Q3
18 Dec 22
at the end of Q2, our inventory position was strong, and we were back in stock in key items
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2022 Q3
18 Dec 22
we had three really strong months in Q3. And coming into Q4, we see absolutely no signs of any degradation
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2022 Q3
18 Dec 22
the wage pressures continue to remain elevated compared to 2019
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2022 Q3
18 Dec 22
Yes
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2022 Q3
18 Dec 22
do you expect your merchandise margin declines to moderate in 4Q based on the guidance?
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2022 Q3
18 Dec 22
much of the clearance activity that we were activating in third quarter is behind us
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2022 Q3
18 Dec 22
In terms of the potential markdown risk for fourth quarter, much of the inventory that had been moved into clearance was activated and quickly moved through in third quarter.
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2022 Q3
18 Dec 22
your fourth quarter EBT margin guidance is down 260 basis points. That would be the smallest decline over the year and better than what you saw in the third quarter. Is that because you're now mostly through the markdowns?
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2022 Q3
18 Dec 22
we saw the gain in our comp sales come more from the transaction growth and the AUR increase
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2022 Q3
18 Dec 22
EBT was $304.1 million or 10.28% of net sales. This compares to a non-GAAP EBT of $59.9 million or 3.05% of net sales in 2019 and an increase of $244.2 million or 723 basis points as a percentage of net sales
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2022 Q3
18 Dec 22
SG&A expenses were $679.7 million or 22.97% of net sales and leveraged 3 basis points compared to last year on the increase in net sales.
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2022 Q3
18 Dec 22
we continue to expect our merchandise margin rate to remain meaningfully higher than pre-COVID levels on an annual basis
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2022 Q3
18 Dec 22
Our Q4 merchandise margin expectations are appropriately reflected within our annual outlook. Compared to 2019, our merchandise margin rate is 141 basis points higher
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2022 Q3
18 Dec 22
During the quarter, we focused on cleaning up some targeted inventory overages due to late arriving spring products.
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2022 Q3
18 Dec 22
During the quarter, we focused on cleaning up some targeted inventory overages due to late arriving spring products.
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2022 Q3
18 Dec 22
the year-over-year decline was driven by merchandise margin rate decline of 438 basis points
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2022 Q3
18 Dec 22