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the $170 million of investments
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2023 Q2
31 Aug 23
we'll be able to get back to that operating profit growth
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2023 Q2
31 Aug 23
we really think that the current headwinds are more transitory
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2023 Q2
31 Aug 23
how do the back half investments structurally impact the margin profile for next year or just your margin recapture ability next year?
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2023 Q2
31 Aug 23
Our customer, what she's telling us is that certainly as gas prices are less than last year, but they're accelerating throughout 2023, and she's still feeling the headwinds of the SNAP reduction and also the lack of tax refunds. And her savings are gone.
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2023 Q2
31 Aug 23
we may choose to pull some of those investments forward into Q3
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2023 Q2
31 Aug 23
just touching on the timing of the investments
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2023 Q2
31 Aug 23
On the Q4 side, we believe that we're going to start to see the benefit of our actions and our investments a little bit more. In Q4, we've also got a tailwind around lapping Winter Storm Elliott.
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2023 Q2
31 Aug 23
we're expecting Q3 gross margin to be below 30%
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2023 Q2
31 Aug 23
on the margin piece of Q3, that's also going to be more pressured than what we are seeing in Q4 with our inventory actions as well as shrink
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2023 Q2
31 Aug 23
we do expect comp sales to be negative in Q3, and we're running as expected to date
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2023 Q2
31 Aug 23
This is going to pressure Q3 more than any other quarter in particular.
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2023 Q2
31 Aug 23
we're starting to lap the more significant price increases in the back half of last year
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2023 Q2
31 Aug 23
the third quarter, we should see comp sales lower than our range
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2023 Q2
31 Aug 23
the actions that we're taking to drive sales and lower our costs will set us up for '24
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2023 Q2
31 Aug 23
the gross margin rate, even in the second quarter with all the pressures that we felt specifically around shrink, we were still 30 basis points ahead of where we were in 2019
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2023 Q2
31 Aug 23
that algorithm, especially store growth, is it realistic that Dollar General can get back to that algorithm by 2024 based on what you know now?
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2023 Q2
31 Aug 23
we feel good about the investments that we're making, the ability for those to set us up for '24 and beyond
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2023 Q2
31 Aug 23
we extended our reach beyond the borders for the first time earlier this year with the opening of our first Mi Súper Dollar General store in Monterrey, Mexico
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2023 Q2
31 Aug 23
Today, approximately 80% of our stores serve rural communities with fewer than 20,000 residents.
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2023 Q2
31 Aug 23