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Page 3 of 4
as people, including Pros, came back from vacations -- we saw it in the acceleration of the business midway through July, and that has continued into August.
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2022 Q2
30 Aug 22
we're certainly benefiting from that longer-term dynamic.
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2022 Q2
30 Aug 22
wealth that our core customers and their home equity up $9-odd billion, the excess savings rates, the strong jobs and earnings growth of wages and the fact that we're just continuing to spend more time at home in general
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2022 Q2
30 Aug 22
the consumer is -- and customer resilient
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2022 Q2
30 Aug 22
we assumed that we'd see ticket growth driven by inflation and really sort of a like-for-like offset in transaction, we haven't seen that.
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2022 Q2
30 Aug 22
the consumer, our customer, consumer in Pro has been more resilient than we even expected at the beginning of the year
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2022 Q2
30 Aug 22
We expect comp sales to be stronger in the first half of the year than in the second half of the year.
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2022 Q2
30 Aug 22
We expect sales growth and comp sales growth of approximately 3% for fiscal 2022.
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2022 Q2
30 Aug 22
Our inventory also reflects deliberate investments and higher in-stock levels and pull forward of inventory for back half events in response to continued global supply chain disruption, investment in our new supply chain facilities and carryover of some spring seasonal inventory.
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2022 Q2
30 Aug 22
positive comps of 5.2% in May, 4.9% in June and 7.1% in July
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2022 Q2
30 Aug 22
comp transactions decreased 3.1%
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2022 Q2
30 Aug 22
Sales leveraging our digital platforms increased 12% during the second quarter.
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2022 Q2
30 Aug 22
double-digit comp performance of our build materials, plumbing and millwork departments as well as in certain project-related categories like fencing, siding, conduit boxes and fittings, tubs and showers and countertops.
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2022 Q2
30 Aug 22
During the second quarter, both Pro and DIY sales growth was positive, with Pro outpacing DIY.
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2022 Q2
30 Aug 22
We saw a big ticket strength across many Pro-heavy categories like pipe and fittings, gypsum and fasteners.
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2022 Q2
30 Aug 22
Big ticket comp transactions or those over $1,000 were up 11.6% compared to the second quarter of last year.
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2022 Q2
30 Aug 22
no significant trade down taking place.
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2022 Q2
30 Aug 22
we continue to see the consumer and the Pro trade up around innovation
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2022 Q2
30 Aug 22
last year, it was all about the backyard. This year, it's about categories like paint and other large renovation categories, and we're seeing that across our business.
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2022 Q2
30 Aug 22
in categories like grills, mowers, laundry and a few other bigger ticket items, it's possible there is a price sensitivity.
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2022 Q2
30 Aug 22