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store comps moving from positive numbers to double-digit declines in late March and early April, then back to growth towards the end of April
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2020 Q1
19 May 23
Home and Electronics
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2020 Q1
19 May 23
our team had to pivot dramatically and rapidly in response to multiple changes in shopping behavior, comps and Essentials and Food and Beverage moving from single digits in February to peaks above 50% in March, before settling down into the teens in April
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2020 Q1
19 May 23
April, which saw total company comp growth of more than 16%
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2020 Q1
19 May 23
we began the quarter with a relatively normal February, in which we saw overall comp growth of 3.8%
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2020 Q1
19 May 23
Towards the end of February, we saw an acceleration in traffic and sales, particularly in our stores.
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2020 Q1
19 May 23
Apparel, home and hard lines, all experienced sales declines from the mid-single digits to low double digits
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2023 Q1
19 May 23
Household Essentials delivered low single digit growth
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2023 Q1
19 May 23
Food and beverage grew in the high single digits
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2023 Q1
19 May 23
Q1 performance was led by Beauty
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2023 Q1
19 May 23
total sales were strongest in February, began decelerating in March and soften further near the end of April
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2023 Q1
19 May 23
we continue to benefit from traffic and sales growth in our frequency categories, food and beverage, household essentials, and beauty, which help to offset softer year-on-year sales in our more discretionary home, apparel, and hard lines categories
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2023 Q1
19 May 23
see a reprioritization of spending away from discretionary categories in the face of persistent inflation in groceries and essentials
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2023 Q1
19 May 23
violent incidents are increasing at our stores, and across the entire retail industry
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2023 Q1
19 May 23
further softening in discretionary categories in the March and April time frame
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2023 Q1
19 May 23
theft and organized retail crime are increasingly urgent issues
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2023 Q1
18 May 23
we continue to contend with significant headwinds caused by inventory shrink
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2023 Q1
18 May 23
based on the results we've seen so far this year, we expect that shrink will reduce our profitability by more than $0.5 billion compared with last year
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2023 Q1
18 May 23
pressure from shrink has continued to increase and we now expect that if current trends continue, shrink will reduce our full year profitability by more than $500 million compared with last year
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2023 Q1
18 May 23
shrink reduced our gross margin rate by a full percentage point compared with a year ago
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2023 Q1
18 May 23