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The expectation coming into the meeting was you will give a little bit more of that 8% margin back.
You are arguing, no, we are going to keep that.
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Transcript
2021 Q4
18 May 23
we’d expect greater markdown pressure from Q4 promotions given the increase in price sensitivity our guests have shown recently and our commitments to end the year with a clean inventory position, especially in those categories where trends have softened. And as I mentioned, we’re planning for additional pressure from inventory shrink, given the worsening trends that have emerged so far this year. Altogether, these expectations lead to a wide range for our expected Q4 operating margin rate centered around 3%.
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Transcript
2022 Q3
19 Dec 22
we believe it’s prudent to plan for a wide range of comparable sales outcomes in the fourth quarter that’s centered around a low single-digit comp decline
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Transcript
2022 Q3
19 Dec 22
Share Repurchase
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10-Q
2023 Q3
4 Dec 22
nearly 2,000 well-located, well-maintained store locations
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Transcript
2022 Q3
29 Nov 22
hourly team member pay and benefits
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2022 Q3
29 Nov 22
early inventory is being driven by two related factors
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Transcript
2022 Q3
29 Nov 22
If that trend we see persists, it will come with more markdowns to make sure we accomplish exactly that goal of ending the season clean.
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Transcript
2022 Q3
29 Nov 22
Q2, out inventory was up 36% year-on-year; in Q3, it’s about 14%
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2022 Q3
29 Nov 22
We accomplished what we wanted to in the first half of the year.
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2022 Q3
29 Nov 22
we certainly aren’t shy about making that investment when the return is there. But it won’t all require capital
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2022 Q3
29 Nov 22
the $2 billion to $3 billion, it sounds like it’s process oriented. But some of the things you mentioned in terms of flowing inventory, it seems like that will require CapEx.
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Transcript
2022 Q3
29 Nov 22
The most recent information we’ve seen from NPD would indicate during the first week of November, general merchandise categories contracted by 14%.
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Transcript
2022 Q3
29 Nov 22
The other emerging capability is the ability for a guest to return a purchase through our Drive-Up service.
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Transcript
2022 Q3
29 Nov 22
The first is the ability for a guest to order a beverage from Starbucks on their way to pick up their Drive-Up order.
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2022 Q3
29 Nov 22
we opened the first example of a new larger store prototype in the Houston, Texas market. At nearly 150,000 square feet
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2022 Q3
29 Nov 22
Among the many innovations we’ve incorporated into this new location in Houston, we’ve added two new Drive-Up services.
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2022 Q3
29 Nov 22
strength of our traffic as well as our market share gains. And those are broad, span across all of our categories
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2022 Q3
29 Nov 22
We see significant opportunities over the next three years; two, buying cost savings in the neighborhood of $2 billion to $3 billion as we improve process and simplify our operations.
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2022 Q3
29 Nov 22
We have a rapidly growing set of owned brands that are already generating more than $30 billion in annual sales.
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2022 Q3
28 Nov 22