57 annotations
This includes the outright sale of approximately 25 owned stores we are targeting to complete by the end of the year, in addition to which we are evaluating sale leaseback proposals on our remaining owned stores and other owned assets.
corporate actions
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2022 Q2
19 Nov 22
The year-over-year change reflects share repurchases executing during fiscal 2021 and higher inventories. We did not execute any share repurchases during Q2 but have $159 million remaining available under our December 2021 authorization. On July 29, we executed an engagement letter for a new five-year syndicated asset-based revolving credit facility of up to $900 million, with an additional uncommitted increase option of up to $300 million.
already repurchased ~$200M in shares
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2022 Q2
19 Nov 22
We ended the second quarter with $49 million of cash, cash and equivalents and $253 million of long-term debt. At the end of Q2 2021, we had $293 million of cash and cash equivalents and no long-term debt.
2Q22: 49M Cash, 254M LT Debt
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2022 Q2
19 Nov 22
During the second quarter, we opened 11 new stores and closed three stores. We ended Q2 with 1,442 stores and total selling square footage of 33.1 million.
net +7, total stores 1442
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2022 Q2
19 Nov 22
We brought inventories down materially, stayed tight on both OpEx and CapEx, and made great progress on repositioning our assortment toward better bargains, closeouts and lower price points
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2022 Q2
19 Nov 22
medium to upper income levels better than pre-pandemic. The lower income levels are still pretty strong.
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2022 Q2
7 Sep 22
this will result in a significant operating loss for the quarter.
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2022 Q2
7 Sep 22
We expect SG&A dollars to grow low single digits versus 2021 due primarily to increased outbound transportation costs
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2022 Q2
7 Sep 22
We expect SG&A dollars to grow low single digits versus 2021 due primarily to increased outbound transportation costs
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2022 Q2
7 Sep 22
We expect one year comps to be down in the low double-digit range in line with what we have seen quarter-to-date.
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2022 Q2
7 Sep 22
comparable sales decrease of 9.2%
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2022 Q2
7 Sep 22
our lower income customers have been hurt more than others.
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2022 Q2
7 Sep 22
Credit is still in good shape with the consumer.
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2022 Q2
7 Sep 22
e-comm business, up 35% in Q2, representing 7% of our total business.
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2022 Q2
7 Sep 22
n seasonal, we had high sell-throughs on many items such as gazebos and upper price points for resin wicker.
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2022 Q2
7 Sep 22
seasonal comps grew strongly accelerating sequentially from Q1 to up to roughly 30% in Q2 on both the one-year and three-year comp basis.
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2022 Q2
7 Sep 22
Our Halloween sales were also strong, up double-digit versus prior year.
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2022 Q2
7 Sep 22
Our food and consumables categories have stabilized with strength in candy, laundry, paper and our salty and snack categories.
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2022 Q2
7 Sep 22
Furniture, Soft Home and Hard Home categories, continue to be impacted by consumers delaying or cutting back on higher ticket purchases.
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2022 Q2
7 Sep 22
we expect to see a shrink benefit in the fourth quarter versus headwind we have faced in the first three quarters.
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2022 Q2
7 Sep 22