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customers representing 42% of our online sales pickup their products at our stores
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2023 Q3
6 Dec 22
customers representing 42% of our online sales pickup their products at our stores
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2023 Q3
6 Dec 22
For the first 9 months of the year, our online sales as a percentage of domestic revenue were 31%, nearly twice as high as pre-pandemic.
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2023 Q3
6 Dec 22
Within some specific categories, we can see some cohorts of customers trading down
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2023 Q3
6 Dec 22
Across consumers, we can also see that savings are being drawn down and credit usage is going up
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2023 Q3
6 Dec 22
ASP, in Q3 was down slightly on a year-over-year basis. ASPs will likely continue to be lower on a year-over-year basis as promotional activity that was largely absent during much of the pandemic has returned. Compared to fiscal ‘20, ASPs continue to be higher and we believe they will likely remain higher going forward.
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2023 Q3
6 Dec 22
Compared to Q3 of fiscal ‘20, our computing revenue remains 23% higher and our appliances revenue remains 37% higher
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2023 Q3
6 Dec 22
the largest impacts to our enterprise comparable sales came from computing and home theater
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2023 Q3
6 Dec 22
The promotional environment continues to be considerably more intense than last year. Like Q2, the level of promotionality in Q3 was similar to pre-pandemic levels and in some areas was even more promotional as the industry works through excess inventory in the channel as well as response to softer customer demand.
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2023 Q3
6 Dec 22
this year’s $600 million in receipts moved from October into the first two weeks of November. This shift equates to about 8% of our inventory.
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2023 Q3
6 Dec 22
due to supply constraints last year, we focused on bringing inventory in earlier to secure it for holiday.
So October of last year ended with an unusually high level of inventory.
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2023 Q3
6 Dec 22
some receipts came in a few days later than expected and arrived just after the quarter closed
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2023 Q3
6 Dec 22
Our non-GAAP earnings per share, was up 22% versus pre-pandemic fiscal ‘20
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2023 Q3
6 Dec 22
our non-GAAP operating income rate declined compared to last year due to the increased promotional environment for consumer electronics, the investments in our growth initiatives and SG&A deleverage from the lower revenue
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2023 Q3
6 Dec 22
This represents 8% revenue growth over the third quarter of pre-pandemic fiscal ‘20
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2023 Q3
6 Dec 22
we are experiencing some relief in International first and early signs of loosening markets domestically.
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2023 Q2
2 Sep 22
we continue to see inflationary pressures from higher fuel and labor costs and rail yard and general supply chain network congestion
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2023 Q2
2 Sep 22
half of the increased supply chain cost this quarter versus the comparable period in fiscal '20 is being driven by cost increases or inflationary pressures
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2023 Q2
2 Sep 22
increased parcel costs from our higher mix of online sale.
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2023 Q2
2 Sep 22
Over the past few years, we have seen gross profit pressure from higher supply chain costs
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2023 Q2
2 Sep 22