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our core styles, which account for approximately 45% of our total inventory and carry limited seasonal markdown risk
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2022 Q3
9 Dec 22
we made the strategic decision to build inventories this year
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2022 Q3
9 Dec 22
we ended quarter three with dollar inventory up 85% on a one-year basis and units up 38% on a three-year CAGR basis, both metrics in line with our expectations
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2022 Q3
9 Dec 22
you have about 60 basis points less air freight pressure on a one-year basis in the back half
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2022 Q2
2 Oct 22
31% unit increase, we think, is well aligned with our top line momentum.
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2022 Q1
2 Oct 22
36%, 5 points impact included in that for longer in-transit time.
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2022 Q1
2 Oct 22
we have approximately 20% of our close -- of our stores closed currently, so 15 out of 71, primarily in Shanghai and Beijing
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2022 Q1
2 Oct 22
when we look at our inventory on a one-year basis, the rate -- the growth rate includes air freight impacts and then also higher in transient with those longer ocean durations
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2022 Q1
2 Oct 22
when we look at our operating margin overall, we are modestly for the year under 2019, even with that 300 basis point pressure of air freight.
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2022 Q1
2 Oct 22
in terms of air freight, we are up against some increases last year, as we move into the second half of the year.
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2022 Q1
2 Oct 22
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