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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
g Symbol
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
we are seeing vendor readiness metrics improve.
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2022 Q2
2 Sep 22
we have improved our margin guide for the year from 100 to 150 basis points down year-over-year to 100 to 130.
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2022 Q2
2 Sep 22
We've definitely seen market share gain according to NPD. We've – we are the largest share gainer in the quarter at 1.4 points.
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2022 Q2
2 Sep 22
For the fiscal year 2022, we expect adjusted diluted earnings per share in the range of $9.75 to $9.90 versus adjusted EPS of $7.79 in 2021.
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2022 Q2
2 Sep 22
We are now forecasting leverage of 100 to 130 basis points versus 2021, driven predominantly by increased sales. And when looking at adjusted operating margin for the full year 2022, we expect it to be approximately flat to up slightly versus last year.
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2022 Q2
2 Sep 22
gross margin to decrease between 100 to 130 basis points versus 2021
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2022 Q2
2 Sep 22
driven predominantly by increased investment in our DC network, and a more normalized level of markdowns relative to the low levels we experienced last year, while still below 2019 levels.
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2022 Q2
2 Sep 22
Europe, where our momentum is also strong, revenue increased 20% and 22% on a one and three-year CAGR basis
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2022 Q2
2 Sep 22
In China, after a slower start to the year given COVID-19-related closures and capacity constraints, we have seen a rebound in the region. Revenue grew over 30% versus last year, and we saw a nearly 70% increase on a three-year CAGR basis.
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2022 Q2
2 Sep 22
we are not seeing any meaningful variation in cohort behavior or the metrics we track in this area of the business.
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2022 Q2
2 Sep 22