198 annotations
Page 10 of 10
Relative to 2019, markdowns are flat
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2022 Q2
1 Sep 22
The increase in net revenue was partially offset by a decrease in net revenue from MIRROR
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10-Q
2022 Q2
1 Sep 22
increased traffic, partially offset by a decrease in conversion rates and a lower dollar value per transaction
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10-Q
2022 Q2
1 Sep 22
The increase in net revenue from our company-operated stores was driven by increased comparable store sales. Comparable store sales increased 16%, or 18% on a constant dollar basis. The increase in comparable store sales was primarily a result of increased store traffic, partially offset by a decrease in conversion rates.
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10-Q
2022 Q2
1 Sep 22
We continue to expect to open approximately 70 net new company-operated stores in 2022
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2022 Q1
1 Sep 22
We expect to open 20 net new company-operated stores in Q2
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2022 Q1
1 Sep 22
During the quarter, we opened five net new stores and completed four co-located optimizations.
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2022 Q1
1 Sep 22
On average, we had 98% of our stores opened throughout Q1. We currently have 97% open with current closures related predominantly to the impact of COVID-19 in China
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2022 Q1
1 Sep 22
In addition, our growth plans remain on track as the majority of our 40 international new store openings this year are planned for Mainland China.
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2022 Q1
1 Sep 22
without which product margin would have increased versus 2019
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2021 Q4
1 Sep 22
have no plans to change the markdown cadence of our business as we look throughout the year.
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2022 Q1
9 Aug 22
we feel confident in our top line trend going into Q2 at a 26% three-year CAGR and well aligned with our inventory growth
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2022 Q1
9 Aug 22
there might be some pockets of inventory where we wish we had a little bit more
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2022 Q1
9 Aug 22
the sale of excess inventory at discounted prices, which would cause our gross margin to suffer and could impair the strength and exclusivity of our brand
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10-Q
2022 Q1
9 Aug 22
Q1 product margin included an increase of approximately 340 basis points in air freight, related to macro supply chain challenges, which was higher than our guidance of 300 basis points due to increased usage relative to our initial plans. Markdowns were approximately flat with last year.
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2022 Q1
9 Aug 22
And finally, our primary focus on technical athletic apparel creates demand for our product across seasons and mitigates the need for mark downs.
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2022 Q1
3 Jun 22
Switching now to inflation, as we mentioned last quarter, we are seeing increased input costs on raw materials, labor and as I just spoke about, air freight.
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2022 Q1
3 Jun 22
Shifting to the supply chain, we continue to experience delays across our global network, particularly related to transporting our products via ocean freight.
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2021 Q4
26 May 22