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price sensitivity is – while it's a bit broader in Q4 than we saw in Q3, it's still primarily those larger single ticket more discretionary items that we've referenced before appliances grills patio
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2022 Q4
23 Feb 23
Pro backlogs are still healthy, Michael, although they are off their peak from last year.
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2022 Q4
23 Feb 23
Pro backlogs are still healthy, Michael, although they are off their peak from last year.
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2022 Q4
23 Feb 23
we do expect moderation in home improvement demand
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2022 Q4
23 Feb 23
We also still see a healthy customer. I mean, we have good jobs, job growth, growing wages, still strong balance sheets.
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2022 Q4
23 Feb 23
At today's current price, this would imply more pressure in the first half than in the rest of the year.
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2022 Q4
23 Feb 23
if lumber prices remain at current levels for the remainder of our fiscal year that would equate to approximately 100 basis points of pressure to comp sales and an insignificant impact to earnings
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2022 Q4
23 Feb 23
our Board approved a 10% increase in our quarterly dividend to $2.09 per share which equates to an annual dividend of $8.36 per share
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2022 Q4
23 Feb 23
we are announcing that we are increasing annualized compensation by approximately $1 billion for our frontline hourly associates
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2022 Q4
23 Feb 23
In the third quarter, we noted some deceleration in certain products and categories, which was more pronounced in the fourth quarter. This along with the negative impact from lumber deflation led to fourth quarter comps that were slightly softer than anticipated.
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2022 Q4
23 Feb 23
In the third quarter, we noted some deceleration in certain products and categories, which was more pronounced in the fourth quarter. This along with the negative impact from lumber deflation led to fourth quarter comps that were slightly softer than anticipated.
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2022 Q4
23 Feb 23
In the third quarter, we noted some deceleration in certain products and categories, which was more pronounced in the fourth quarter. This along with the negative impact from lumber deflation led to fourth quarter comps that were slightly softer than anticipated.
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2022 Q4
23 Feb 23
Throughout most of fiscal 2022, we observed a resilient customer, who is less price sensitive than we would have expected in the face of persistent inflation.
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2022 Q4
23 Feb 23
We have seen some deceleration in inflation in the recent months, which is good for our consumers. But broadly, we are still experiencing some inflation in some specific categories.
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2022 Q3
12 Dec 22
the price sensitivity wasn’t as strong as we thought it would be.
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2022 Q3
12 Dec 22
We are not seeing trade down.
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2022 Q3
12 Dec 22
keeping in mind that last year’s comps in August, September and October were 3 1, 4 5 and 9, 9 sequentially.
So, if you look at a 2- or 3-year basis, maybe smoothing some of that out, the 1-year months don’t tell you quite as much.
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2022 Q3
11 Dec 22
n the third quarter, our gross margin was approximately 34%, a decrease of approximately 10 basis points from last year, primarily driven by supply chain investments
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2022 Q3
11 Dec 22
positive comps of 7.1% in August, 4.4% in September and 2.1% in October
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2022 Q3
11 Dec 22
July had a relatively easier compare
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2022 Q2
30 Aug 22