44 annotations
we estimate the storm provided about 2 percentage point benefit to our comp sales
(No comment added)
Transcript
2022 Q4
29 Jan 23
Winter Storm Elliott
(No comment added)
Transcript
2022 Q4
29 Jan 23
when adjusting for the 2022 benefit from the 53rd week and the 2023 accretion from the Orscheln acquisition, our outlook for 2023 is consistent with our long-term EPS guidance of 8% to 11%.
(No comment added)
Transcript
2022 Q4
29 Jan 23
the Orscheln acquisition to be accretive to diluted earnings per share by at least $0.10 in 2023
(No comment added)
Transcript
2022 Q4
29 Jan 23
diluted EPS is forecast in the range of $10.30 to $10.60.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Comparable store sales growth is anticipated to be in the range of 3.5% to 5.5%.
(No comment added)
Transcript
2022 Q4
29 Jan 23
At the end of the quarter, merchandise inventories were $2.7 billion, representing an 18% increase year-over-year in average inventory per store.
(No comment added)
Transcript
2022 Q4
29 Jan 23
The comparable average ticket growth of 6.3% benefited from inflation, partially offset by a shift in sales mix to needs-based consumables versus the larger ticket items.
(No comment added)
Transcript
2022 Q4
29 Jan 23
retail price inflation contributed about 11 points to our comparable store sales in Q4
(No comment added)
Transcript
2022 Q4
29 Jan 23
this increase was primarily attributable to three factors: one, the impact of transaction expenses and early integration costs associated with our acquisition of Orscheln Farm and Home; two, our strategic growth initiatives, including depreciation and amortization; and three, our investments in team member compensation and benefits.
(No comment added)
Transcript
2022 Q4
29 Jan 23
SG&A expenses, including depreciation and amortization, increased 14 basis points year-over-year to 25.1%
(No comment added)
Transcript
2022 Q4
29 Jan 23
it’s our belief that transportation costs most likely peaked in the fourth quarter
(No comment added)
Transcript
2022 Q4
29 Jan 23
Our promotional activity was in line with the prior year and we are seeing moderation in transportation costs
(No comment added)
Transcript
2022 Q4
29 Jan 23
During the quarter, we experienced a significant moderation in the rate of price increases from our vendors, but by no means are we seeing deflation.
(No comment added)
Transcript
2022 Q4
29 Jan 23
all regions of the country once again delivered positive sales comp. All months were comp positive.
(No comment added)
Transcript
2022 Q4
29 Jan 23
the 53rd week added about $225 million to our net sales in the fourth quarter representing 6.8 points of our net sales growth. On a full year basis, it represented 1.8 points of the 11.6% growth year-over-year.
(No comment added)
Transcript
2022 Q4
29 Jan 23
our comparable store sales growth was 8.6%, and it was driven by strong ticket growth of 6.3% and transaction count increase of plus 2.3%
(No comment added)
Transcript
2022 Q4
29 Jan 23
October, December were our strongest comp sales months
(No comment added)
Transcript
2022 Q4
29 Jan 23
For fiscal 2023, we are forecasting net sales of $15 billion to $15.3 billion, including at least $300 million in sales from Orscheln.
(No comment added)
Transcript
2022 Q4
29 Jan 23
For 2022, we remain on track for anticipated share repurchases in a range of $750 million to $800 million.
(No comment added)
Transcript
2022 Q3
25 Oct 22