Samuel Mitchell | CEO & Director |
Mary Meixelsperger | CFO |
Sean Cornett | Senior Director, IR & Communications |
Olivia Tong | Bank of America Merrill Lynch |
Jason English | Goldman Sachs Group |
Simeon Gutman | Morgan Stanley |
Daniel Rizzo | Jefferies |
Michael Harrison | Seaport Global Securities |
Stephanie Benjamin | SunTrust Robinson Humphrey |
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Total sales were down 10% in the month compared to last year, and same-store sales declined 18.2%.
Our share repurchase program was suspended in the second half of March. Results in Q2 show an overall limited impact from the COVID-19 pandemic. We estimate that in Q2, COVID-19 reduced sales by approximately $28 million and had no net impact to EBITDA, including a $14 million reduction to incentive compensation expense recorded in unallocated and other.