144 annotations
We design and source 90% of our products. And as a result, we are able to deliver a higher quality value equation to our customers and we have scale.
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2023 Q2
24 Sep 23
but the consumer confidence is up
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2023 Q2
24 Sep 23
absorbing the residual 90 basis points in supply chain-related costs and inefficiencies
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2023 Q2
24 Sep 23
Our sales ran negative 11.9% in Q2, but our two-year comp was essentially flat, and our four-year comp to 2019 was positive 39.7%.
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2023 Q2
24 Sep 23
people not moving as much right now and being scared of the high ticket and we still continue to see the opposite in high-end electrics
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2023 Q2
24 Sep 23
our demand trends continued to be inconsistent and choppy and decelerated from Q1, driven by a pullback in consumer spending and high ticket discretionary
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2023 Q2
24 Sep 23
There's a large backlog of projects coming out of the pandemic and we see a steady pipeline of bids
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2023 Q2
24 Sep 23
w
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2023 Q2
24 Sep 23
e anticipate they will become tailwinds over the next few quarters
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2023 Q2
24 Sep 23
As these costs are now fully amortized, Q2 will be the last quarter we report on these headwinds.
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2023 Q2
24 Sep 23
Excluding these atypical capitalized costs, our merchandise margins were in line with last year.
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2023 Q2
24 Sep 23
Merchandise margins decreased year-over-year as the residual amount of the capitalized costs from higher product costs, post-infreight, detention and demerge fitting on our balance sheet flowed into our income statement.
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2023 Q2
24 Sep 23
It is definitely an uneven macro environment.
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2023 Q2
24 Sep 23
we have structurally changed our operating model, driven by a higher e-commerce mix
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2023 Q2
24 Sep 23
our first-half supply chain cost headwinds that will become second-half tailwinds
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2023 Q2
24 Sep 23
our steadfast commitment to maintain price integrity and not run site-wide promotions, even if it means forgoing some revenues in the short term
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2023 Q2
24 Sep 23
increasingly promotional environment and softening industry metrics
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2023 Q2
24 Sep 23
in some cases, intentionally shipping multiple times for multi-unit orders, which typically would have been fulfilled in a single shipment
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2023 Q2
24 Sep 23
Selling margin also continued to be impacted by higher outbound customer shipping costs, although to a lesser extent than prior quarters.
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2023 Q2
24 Sep 23
we continue to capture market share in an $80 billion fragmented market
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2023 Q2
24 Sep 23