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it's hard to know with certainty if we are starting to see consumers trade down, as the only beauty retailer that offers a wide variety of price points from entry level Mass to high-end luxury and everything in between
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2022 Q3
12 Dec 22
promotion levels, we think, will likely be higher next year than they have been the last couple of years
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2022 Q3
12 Dec 22
stronger-than-expected operating margins, driven primarily by fixed cost leverage price increase benefits in gross margin that are extraordinary this year and more moderate promotion levels
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2022 Q3
12 Dec 22
Sales growth moderated in November as we lapped last year's strong performance
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2022 Q3
12 Dec 22
This guidance reflects our expectation that fourth quarter comp growth will be between 6% and 8%, up from our previous expectation for low single-digit increase.
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2022 Q3
12 Dec 22
As expected, our promotional activity increased from the second quarter, but the impact to margin was not meaningful compared to last year.
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2022 Q3
12 Dec 22
I really appreciate this work, Gregory Piper. Thank you. ~Mark Morris
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2022 Q2
31 Aug 22
We expect that to be tougher as we get into the back half of the year, the promotional environment
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2022 Q2
30 Aug 22
operating margin, we feel good about opportunities
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2022 Q2
30 Aug 22
we think gross margin will certainly moderate as we look ahead.
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2022 Q2
30 Aug 22
Given ongoing cost pressures facing our brand partners, we expect to receive additional increases as we move throughout the rest of the year.
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2022 Q2
30 Aug 22
we have received a large number of price increases from our brand partners in the first half of this year.
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2022 Q2
30 Aug 22
As we look out towards the remainder of 2022, we’ve been clear about we expect the promotional environment is probably going to get a little bit tougher
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2022 Q2
30 Aug 22
we had less total promotional activity during the quarter, overall merchandise margin was lower than last year, primarily due to the impact of brand mix and lapping benefits from favorable inventory reserve adjustments in the second quarter last year. Gross margin was also negatively impacted by higher inventory shrink primarily due to increased theft across the retail landscape, theft and organized retail crime are increasing, and we are seeing similar trends in our business.
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2022 Q2
30 Aug 22
We think promotional environment is going to be higher.
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2022 Q2
30 Aug 22
we expect it to be more competitive, more promotional this year than it was a year ago.
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2022 Q2
30 Aug 22
We did see a slight moderation towards the end of June and early July
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2022 Q2
30 Aug 22
There is no doubt there is some elements of maybe pent-up demand,
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2022 Q2
30 Aug 22
no real signs or signals of trade down within the marketplace yet.
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2022 Q2
30 Aug 22
We’re not experiencing that or seeing that at this time, similar to what we talked about last quarter.
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2022 Q2
30 Aug 22