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air freight in first quarter was 340 basis points of pressure, 150 basis points of pressure in 2Q. To get to the 30 basis points of pressure for the year, you're baking in positive leverage in the second half
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2022 Q1
2 Oct 22
when looking at operating margin for the full year 2022, we now expect it to be approximately flat with last year, inclusive of the 30 basis points of incremental air freight expense I just mentioned.
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2022 Q1
2 Oct 22
we now expect air freight to have a modest negative impact of approximately 30 basis points versus our prior expectation of flat.
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2022 Q1
2 Oct 22
Our Q2 guidance includes an impact of approximately 150 basis points of pressure from air freight costs due to port congestion and capacity constraints.
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2022 Q1
2 Oct 22
We continue to strategically use air freight to help mitigate industry-wide supply chain issues and support our top line momentum, with these higher costs having an impact on inventory when looked at on a dollar basis.
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2022 Q1
2 Oct 22
inclusive of approximately 340 basis points of additional air freight expense
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2022 Q1
2 Oct 22
Relative to 2019, markdowns decreased by 40 basis points.
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2022 Q1
2 Oct 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.
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2022 Q1
2 Oct 22
we are seeing increased input costs on raw materials, labor and as I just spoke about, air freight.
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2022 Q1
2 Oct 22
This comes with a commensurate investment in air freight
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2022 Q1
2 Oct 22
supply chain, we continue to experience delays across our global network, particularly related to transporting our products via ocean freight.
As a result, we continue to lean more heavily into air freight.
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2021 Q4
2 Oct 22
our current thinking regarding air freight usage and the ramp in air freight usage we experienced last year. We currently expect gross margin to decline approximately 200 to 250 basis points versus last year in Q2, declined approximately 100 to 150 basis points versus last year in Q3 and then expand versus last year in Q4
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2021 Q4
2 Oct 22
Our Q1 guidance includes an impact of approximately 300 basis points of pressure from air freight costs due to port congestion and capacity constraints.
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2021 Q4
2 Oct 22
Our product teams continue to strategically use air freight to help mitigate industry-wide supply chain issues, with these higher costs having an impact on inventory when looked at on a dollar basis.
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2021 Q4
2 Oct 22
Q4 product margin included an increase of approximately 530 basis points in air freight related to macro supply chain challenges, without which product margin would have increased versus 2019.
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2021 Q4
2 Oct 22
Gross profit for the fourth quarter was $1.2 billion or 58.1% of net revenue compared to 58.6% of net revenue in Q4 2020 and 58% of net revenue in Q4 2019. The deleverage relative to 2020 was driven by increased air freight expense.
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2021 Q4
2 Oct 22
Ocean lead times are not improving and air freight costs remain high.
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2022 Q1
2 Oct 22
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fda
4
15 Sep 22
We improved our inventory position after the strong guest response at launch, and we're seeing continued excitement around this technical running shoe.
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2022 Q2
2 Sep 22
Blissfeel, the first style, we launched in March, continues to perform well.
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2022 Q2
2 Sep 22