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Operating margin for the International segment was 12.4% in Q3, down 950 basis points from the prior year, mainly driven by the leverage related to COVID impacts in China, sustained inflationary headwinds, lapping higher prior year government subsidies as well as partner investments, partially offset by strong sales leverage across markets outside of China.
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2022 Q3
18 Sep 22
North America's operating margin was 22.2% in Q3, contracting 250 basis points from the prior year, primarily due to ongoing inflationary headwinds, labor investments including enhanced store partner wages and new partner training support costs, partially offset by pricing.
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2022 Q3
18 Sep 22
Q3 consolidated operating margin contracted 350 basis points from the prior year to 16.9%, primarily driven by ongoing inflationary headwinds, significant investments in labor, including enhanced store partner wages and deleverage related to COVID lockdowns in China.
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2022 Q3
18 Sep 22
Q3 consolidated operating margin contracted 350 basis points from the prior year to 16.9%, primarily driven by ongoing inflationary headwinds, significant investments in labor, including enhanced store partner wages and deleverage related to COVID lockdowns in China.
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2022 Q3
18 Sep 22
Mobile ordering sales mix increased to a record high 47% in Q3, up 13% over prior year and up 4% over Q2 as we adapted to COVID-driven changes in customer behavior.
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2022 Q3
18 Sep 22
Given the prolonged lockdowns in China with limited mobility recovery in Q3, the headwinds now extend into Q4 as the market continues to recover.
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2022 Q3
18 Sep 22
we've raised prices roughly about 5% or so over the last 12 months
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2022 Q3
18 Sep 22
we are not currently seeing any measurable reduction in customer spending or any evidence of customers trading down
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2022 Q3
18 Sep 22
dynamics of where people work today versus going into the office each and every day, there's a shift in consumer behaviors
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2022 Q3
18 Sep 22
we see lower transactions relative to pre-pandemic levels
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2022 Q3
18 Sep 22
Given the materiality and the high level of ongoing uncertainty around China, accelerating inflation and the significant investments we are planning, the only responsible course of action for us to take is to suspend guidance for Q3 and Q4.
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2022 Q2
18 Sep 22