104 annotations
Page 2 of 6
yes, the like-for-like pricing continues to work
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2024 Q2
27 Aug 23
on the last call, and we talked about how our ticket might be down slightly and pretty much it was on our expectations
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2024 Q2
27 Aug 23
We're also expecting an increase in units sold.
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2024 Q2
27 Aug 23
We're planning for average ticket to be down less than it was in the second quarter, again, due to merchandise mix
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2024 Q2
27 Aug 23
average ticket was down due to merchandise mix, the impact of the lower ticket on sales was largely offset by an increase in units with shoppers putting more items into their cart
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2024 Q2
27 Aug 23
We expect third quarter consolidated sales to be in the range of $12.9 billion to $13.1 billion, a 6% to 7% increase over the prior year.
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2024 Q2
27 Aug 23
For the full year, we now expect consolidated sales to be in the range of $53.5 billion to $53.8 billion. This guidance includes approximately $800 million of additional revenue expected from the 53rd week.
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2024 Q2
27 Aug 23
merchandise margin was very healthy
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2024 Q1
22 May 23
Our plans this year assume an expected headwind in the first, second and third quarters and an expected benefit in the fourth quarter
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2024 Q1
22 May 23
we are planning to shrink flat in fiscal ‘24 versus fiscal ‘23
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2024 Q1
22 May 23
our year-over-year shrink accrual and supply chain investments were headwinds to the gross margin in the first quarter
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2024 Q1
22 May 23
higher wage and supply chain investment costs start in the second quarter
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2024 Q1
22 May 23
we anticipate lower freight benefit in the second quarter because the first quarter, we had the accrual reversal that benefited us in the first quarter
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2024 Q1
22 May 23
our above plan pre-tax profit margin performance was primarily driven by an unanticipated benefit from a freight accrual adjustment, better-than-expected freight rates in our freight initiatives as well as the timing of some expenses
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2024 Q1
22 May 23
our first quarter pre-tax profit margin benefited from a favorable freight accrual adjustment that won’t repeat in the second quarter
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2024 Q1
22 May 23
This guidance assumes a significant benefit from lower freight costs as well as a benefit from better buying. It also includes ongoing headwinds from incremental wage costs and supply chain investments.
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2024 Q1
22 May 23
Our full year pre-tax profit margin guidance also assumes that we will see a continued benefit from better buying and that we continue to have in that we will continue to have headwinds from incremental store and distribution center wages and supply chain investments.
Further, this pre-tax profit margin guidance continues to assume that shrink will remain similar to last year.
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2024 Q1
22 May 23
Our current freight assumption includes a pull forward of some of the benefit we previously – we expected in FY ‘25. This includes favorable freight rates and benefits from some of our freight initiatives.
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2024 Q1
22 May 23
Our full year pre-tax profit margin guidance assumes that we will now see a benefit of more than 100 basis points from lower freight expenses.
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2024 Q1
22 May 23
The benefit from lower freight cost was significantly more than we expected.
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2024 Q1
21 May 23