56 annotations
Page 2 of 3
The headwind was really related to the increase in private label penetration, which is a good thing.
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2022 Q2
18 Sep 22
When we open a new store, the mix quite frankly usually starts out on the hard lines of the store as people learn about us and then the soft lines catch up.
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2022 Q2
18 Sep 22
mix helps out a little bit as the soft goods side of the business becomes a bigger percentage of the total
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2022 Q2
18 Sep 22
our private label business was better in the quarter
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2022 Q2
18 Sep 22
the primary driver of the delta between inventory dollars and units versus 2019 is the increase in bigger ticket hard goods categories as part of our inventory and sales mix.
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2022 Q2
18 Sep 22
We ended the second quarter of inventory up 17% versus last year, only up 8% versus 2019 in terms of dollars and down 12% units.
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2022 Q2
18 Sep 22
Both.
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2022 Q2
18 Sep 22
normalization of inventory levels impacting clearance or would it be promotional normalization in the marketplace
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2022 Q2
18 Sep 22
it could be 100 to 200 basis points of give back from greater promotion
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2022 Q2
18 Sep 22
We believe there could potentially of the 500 basis point roughly gain that we've had.
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2022 Q2
18 Sep 22
which of those has been a bigger driver of improvement?
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2022 Q2
18 Sep 22
structural improvements or the lion's share gains.
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2022 Q2
18 Sep 22
smaller piece of it would be lower promotions in the marketplace.
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2022 Q2
18 Sep 22
it's the structural improvement in terms of better management of inventory, better management of clearance, that is the biggest share of it.
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2022 Q2
18 Sep 22
We saw last year -- last two years candidly a pull forward of demand in early November and in December when people saw something they bought it and they didn't have to incentivize the promotion to buy it because they were afraid it wasn't going to be there closer in the holiday.
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2022 Q2
18 Sep 22
the back half of the year is going to be more promotional than it was last year, certainly around holiday
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2022 Q2
18 Sep 22
17% increase compared to the second quarter of last year. When compared to Q2 of 2019, inventory dollars were up 8.4% and units declined by 12% on a sales increase of 36%
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2022 Q2
18 Sep 22
Adjusted diluted earnings per share which excludes certain estimated expenses such as stock compensation and store preopening expenses are now expected to range from $6.75 per share to $7.50 per share.
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2022 Q2
18 Sep 22
GAAP diluted earnings per share are now expected to range from $6.50 per share to $7.25 per share.
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2022 Q2
18 Sep 22
we expect the second half of the year to be more promotional than the first half
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2022 Q2
18 Sep 22