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Page 8 of 9
We also experienced 40 basis points of deleverage from foreign exchange. This was partially offset by 30 basis points of leverage on fixed costs, driven primarily by occupancy and depreciation.
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2022 Q2
2 Sep 22
Relative to 2019, markdowns are flat.
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2022 Q2
2 Sep 22
Markdowns were 30 basis points higher than Q2 2021, given low inventory levels and out of stocks last year.
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2022 Q2
2 Sep 22
Q2 product margin included an increase of approximately 130 basis points in air freight related to macro supply chain challenges
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2022 Q2
2 Sep 22
So we typically have seen, and this is on average about 45 days. These have gone up to 90 days plus during the kind of peak disruption. We've seen them drop approximately to 70 days.
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2022 Q2
2 Sep 22
for much of last year, we were under-inventoried and not able to fully maximize our business. This year, we are in a much better position to deliver product innovation to our guests wherever and however they shop with us.
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2022 Q2
2 Sep 22
while we continue to strategically leverage airfreight to help ensure timely delivery of product into our distribution centers, we are seeing these rates begin to come down.
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2022 Q2
2 Sep 22
Ocean delivery times are improving, although they remain significantly elevated compared to the pre-COVID period.
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2022 Q2
2 Sep 22
in China, vendors who had to close their slow production in quarter one due to COVID-19 are beginning to catch up.
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2022 Q2
2 Sep 22
We now expect to open approximately 75 net new company-operated stores in 2022, up modestly from our prior guidance of approximately 70.
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2022 Q2
1 Sep 22
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