294 annotations
Page 5 of 15
that will continue as we get into the back part of the year based on how we currently have things projected
(No comment added)
Transcript
2023 Q1
19 May 23
At the Investor Day, you mentioned that 6% is, I guess, potential for 2024
(No comment added)
Transcript
2023 Q1
19 May 23
shrink is certainly front half loaded in the year
(No comment added)
Transcript
2023 Q1
19 May 23
One of the reasons we got the profit outcome we did in the first quarter is that with inventory positioned conservatively that gives us flexibility and agility.
(No comment added)
Transcript
2023 Q1
19 May 23
We entered 2023 following three straight years of unprecedented growth and market share gains in food and beverage, having grown that category by more than 61% between Q1 2019 and this year's first quarter.
(No comment added)
Transcript
2023 Q1
19 May 23
spending pressures in discretionary categories are currently outweighing the continued strong growth we've seen in our frequency categories
(No comment added)
Transcript
2023 Q1
19 May 23
e are maintaining the full year guidance we provided at our financial community meeting in February
(No comment added)
Transcript
2023 Q1
19 May 23
we believe our Q2 operating margin rate will be much higher than the very low rate we earned a year ago, but lower than the 5.2% we saw in Q1
(No comment added)
Transcript
2023 Q1
19 May 23
we experienced notably softer comp trends as we exited the first quarter and moved into May
(No comment added)
Transcript
2023 Q1
19 May 23
our after tax ROIC was 11.4% compared with 25.3% a year ago
(No comment added)
Transcript
2023 Q1
19 May 23
we anticipate a recovery in the ROIC metric
(No comment added)
Transcript
2023 Q1
19 May 23
we continue to expect our full year CapEx will be in the $4 billion to $5 billion range
(No comment added)
Transcript
2023 Q1
19 May 23
Within that inventory number was a decline of more than 25% in discretionary categories, reflecting the excess inventory we were carrying last year and the cautious approach we are taking this year.
(No comment added)
Transcript
2023 Q1
19 May 23
Q1 ending inventory was about 16% lower than a year ago
(No comment added)
Transcript
2023 Q1
19 May 23
our first quarter operating income rate of 5.2% was higher than expected due primarily to upside in our gross margin rate as the benefits from lower freight and transportation costs and our efficiency efforts offset a higher than expected impact from shrink
(No comment added)
Transcript
2023 Q1
19 May 23
the impact of merchandise mix on our first quarter gross margin rates was approximately neutral, as the rate impact of sales declines in our highest margin categories was offset by sales declines in lower margin rate categories
(No comment added)
Transcript
2023 Q1
19 May 23
we saw more than a percentage point of favorability in merchandising driven primarily by reduction in freight and transportation costs. Along with the benefit of retail pricing and a lower clearance markdown rate as we compared over last year's inventory actions.
We also saw a small gross margin rate benefit from lower digital volume and a more favorable mix of lower cost same day fulfillment.
(No comment added)
Transcript
2023 Q1
19 May 23
consumers more price conscious and focused on promotions right now
(No comment added)
Transcript
2023 Q1
19 May 23
despite overall softness in discretionary categories, seasonal moments and newness in apparel, home and hard lines continue to be bright spots
(No comment added)
Transcript
2023 Q1
19 May 23
during the first three weeks of February, we experienced a relatively normal mix of sales across merchandising assortment and a typical mix of sales between our stores and digital channels
(No comment added)
Transcript
2020 Q1
19 May 23