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during the fourth quarter, our sales were largely in line with our expectations
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2024 Q4
28 Feb 24
Today, we are in a great position regarding our inventory levels.
Our in-stocks are the best they've been in a number of years
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2024 Q4
28 Feb 24
2023 marked the year of significant progress for our inventory management and on-shelf availability while effectively navigating a disinflationary pricing environment
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2024 Q4
28 Feb 24
Pro backlogs are lower than they were a year ago, they have remained stable and elevated relative to historical norms
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2024 Q4
28 Feb 24
We continued to see softer engagement in big-ticket discretionary categories like flooring, countertops and cabinets.
During the fourth quarter, our Pro and DIY customers performance was relatively in line with one another.
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2024 Q4
28 Feb 24
The big ticket comp transactions or those over $1,000, were down 6.9% compared to the fourth quarter of last year.
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2024 Q4
28 Feb 24
Deflation from core commodity categories negatively impacted our average ticket by 35 basis points during the fourth quarter, driven by deflation in lumber and copper wire.
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2024 Q4
28 Feb 24
we continue to see our customers trading up for new and innovative products
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2024 Q4
28 Feb 24
However, we did have some unfavorable impacts from weather in January and core commodity deflation. We saw a continuation of the trend that we've been observing throughout the year. with softness in certain big ticket discretionary type purchases.
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2024 Q4
28 Feb 24
Our customers continue to take on smaller projects while still deferring larger projects.
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2024 Q4
28 Feb 24
the consumer is healthy and the consumer is engaged
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2024 Q4
28 Feb 24
for us, they were -- they were effectively the same in Q4
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2024 Q4
28 Feb 24
Pro versus consumer
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2024 Q4
28 Feb 24
We continue to successfully offset supply chain and product cost pressures
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2023 Q1
25 May 23
unfavorable weather, particularly in our Western division
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2023 Q1
25 May 23
lumber deflation
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2023 Q1
25 May 23
comps of negative 2.5% in February, negative 7.5% in March and negative 3.7% in April
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2023 Q1
25 May 23
We plan to continue investing in our business with CapEx of approximately 2% of sales on an annual basis.
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2022 Q4
23 Feb 23
continued progress on our supply chain build-out
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2022 Q4
23 Feb 23
We're still seeing strong project business, but there is a bit more overall sensitivity as we saw more one-for-one offset with ticket and transaction in Q4.
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2022 Q4
23 Feb 23