294 annotations
Page 4 of 15
so far, we've only seen indications that loss rates might soon be reaching a plateau, but have not yet seen evidence that loss rates will begin to come down
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2023 Q2
26 Aug 23
our long-run expectation is that shrink rates will moderate from today's unsustainable levels
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2023 Q2
26 Aug 23
In Q3, we expect the dollar and rate pressure from shrink will be roughly consistent with the first half of the year at around 90 basis points.
However, in Q4, we expect to see a small amount of year-over-year favorability from shrink.
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2023 Q2
26 Aug 23
comparable sales in a wide range centered around a mid-single-digit decline for the remainder of the year
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2023 Q2
26 Aug 23
the upcoming resumption of student loan repayments will put additional pressure on the already strained budgets of tens of millions of households
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2023 Q2
26 Aug 23
we're happy to see inflation rates begin to moderate, that's likely to cause some near-term pressure on dollar comps in our frequency categories
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2023 Q2
26 Aug 23
discretionary categories softened further from recent trends with apparel, home and hard lines, all seeing comp declines in the low double digits to mid-teens in the second quarter, several percentage points softer than in the first quarter
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2023 Q2
26 Aug 23
Food & Beverage sales grew in the low single digits
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2023 Q2
26 Aug 23
sales from Ulta Beauty at Target more than doubled compared with a year ago
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2023 Q2
26 Aug 23
Beauty, which delivered comp growth in the low double digits
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2023 Q2
26 Aug 23
Frequency categories continue to grow, partially offsetting the softness we saw in discretionary categories.
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2023 Q2
26 Aug 23
continue to expect full year CapEx in the $4 billion to $5 billion range
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2023 Q2
26 Aug 23
consistent with the first quarter, category mix did not affect our gross margin rate compared with last year and we saw a similar deceleration across all five of our core merchandising categories between Q1 and Q2 of this year
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2023 Q2
26 Aug 23
Beyond merchandising, we also saw about 0.5 point of benefit in digital fulfillment and supply chain due to a lower mix of digital sales and a favorable mix of same-day services within the digital channel. Offsetting these benefits was a 90 basis point headwind from inventory shrink in line with our expectations.
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2023 Q2
26 Aug 23
This increase reflects multiple benefits within merchandising, including lower markdowns and other inventory-related costs, along with the benefit of lower freight and transportation costs.
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2023 Q2
26 Aug 23
second quarter shrink was consistent with our expectations, and our full year shrink expectations remain unchanged
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2023 Q2
26 Aug 23
wide range of comparable sales centered around a mid-single-digit decline
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2023 Q2
26 Aug 23
we began the quarter with positive comp growth in the month of February and then saw the trends soften into low single digit declines by the end of April and so far into May
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2023 Q1
25 May 23
nothing new to share on front
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2023 Q1
19 May 23
We're pleased to see headwind on a year-over-year basis from freight.
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2023 Q1
19 May 23