13 annotations
We now expect that more freight expense will be recorded in the fourth quarter and will be 290 basis points higher than last year.
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2023 Q3
30 Jan 23
We now expect to open 43 new stores during the year
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2023 Q3
30 Jan 23
his increase was primarily driven by added inventory in our distribution centers in order to support new store openings and our exclusive brand growth.
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2023 Q3
30 Jan 23
Higher average unit retail prices, driven in part by inflation
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2023 Q3
30 Jan 23
On the first question, the survey feedback indicated that we gained new customers throughout the pandemic, not only from within the Western industry, but we captured an even greater number of shoppers from mainstream retail channels.
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2023 Q3
30 Jan 23
From a geographic standpoint, we saw growth in our East and North regions, a slight decline in our South region and a mid-single-digit decline in our West region, which is perennially our strongest region.
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2023 Q3
30 Jan 23
While sales of men's and ladies western boots, ladies apparel and has declined, it is important to note that each of these businesses was up against incredibly strong double-digit or triple-digit growth in the prior year period.
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2023 Q3
30 Jan 23
apparel and men's Western apparel.
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2023 Q3
30 Jan 23
We are particularly encouraged by the performance of our retail store sales, which declined a modest 0.8% while cycling a 55.7% growth in the year ago period.
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2023 Q3
30 Jan 23
We expect to open approximately 43 stores in the current fiscal year or more than 14% growth.
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2023 Q3
30 Jan 23
declined 190 basis points, driven by a 180 basis point headwind from higher freight expense
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2023 Q3
30 Jan 23
primarily by an increase in the number of transactions as we have added a significant number of new customers to the brand while legacy shoppers seem to be purchasing more frequently
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2023 Q3
30 Jan 23
Total net sales grew 5.9% on top of 60.7% growth in the prior year period, driven primarily by strong sales from new stores opened over the past 12 months.
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2023 Q3
30 Jan 23
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