Bruce Thorn | executive |
Jonathan Ramsden | executive |
Bradley Thomas | analyst |
Joseph Feldman | analyst |
Good morning, everyone, and thank you for joining us. I'm pleased to report another quarter of sequential improvement in comps and gross margin rate while continuing to take out costs.
For the third quarter in a row, we did what we said we would do. And despite a challenging macroeconomic environment and well-documented weather challenges in January, we finished the year in a much better place than where we started. That said, there's a lot of work to do in 2024, and we are moving aggressively to accelerate our transformation, return to positive comparable sales and continue to improve our gross margin rate over the course of the year.