123 annotations
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confidence that we can chase the trend if it turns out to be stronger.
inv
Transcript
2023 Q2
28 Aug 23
It feels like perhaps we're starting to revert to the longer term structural trends that prevailed before the pandemic, where off price over many years gained share at the expense of other bricks and mortar retail.
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2023 Q2
28 Aug 23
e have acquired 62 store leases directly from Bed Bath & Beyond.
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2023 Q2
28 Aug 23
as soon as we acquire the lease, we start paying rent even though it may take six to nine months to prepare the location and open the store
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2023 Q2
28 Aug 23
We expect our AUR to be down somewhat throughout the year
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2023 Q1
4 Jun 23
In the first quarter, traffic was up modestly. It started strong but then meaningfully decelerated in mid-March.
(No comment added)
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2023 Q1
4 Jun 23
For the quarter, AUR was down modestly.
(No comment added)
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2023 Q1
4 Jun 23
The biggest drivers of the first quarter comp were higher conversion and higher units per transaction.
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2023 Q1
4 Jun 23
this guidance may turn out to be conservative
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2023 Q1
4 Jun 23
We are guiding and managing our business to a comp growth range of 2% to 4% for the second quarter.
(No comment added)
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2023 Q1
4 Jun 23
we began to see a pickup in the second half of April and this momentum has continued May, month-to-date
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2023 Q1
4 Jun 23
Our warm weather businesses, which were doing well early in the quarter, softened versus the rest of the store in mid-March.
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2023 Q1
4 Jun 23
The second thing that happened or didn’t happen was weather.
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2023 Q1
4 Jun 23
Refunds ended the quarter well behind last year’s levels and also below 2019 levels.
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2023 Q1
4 Jun 23
These had run ahead of last year, early in the quarter, but in March, they began to fall off.
(No comment added)
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2023 Q1
4 Jun 23
tax refunds
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2023 Q1
4 Jun 23
The slowdown in our sales trend that we saw in the first quarter coincided with two external factors.
(No comment added)
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2023 Q1
4 Jun 23
until mid-March, our comp growth was running up double-digits
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2023 Q1
4 Jun 23
lever number two if you like, is freight and supply chain expenses
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2022 Q3
29 Nov 22
the number one priority is to drive sales
(No comment added)
Transcript
2022 Q3
29 Nov 22