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about 40% to 45% of our increase in inventory on a year-over-year basis is as a result of product -- vendor product cost increases. There's another roughly 20% that is as a result of higher freight costs associated with those inventories, so just those two components represented about roughly 60%, 65% of the increase in the cost of our inventory.
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2022 Q3
6 Dec 22
over a period of time, we've been able to leverage our SG&A, if you will, on about a 2% to 3% comp
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2022 Q3
5 Dec 22
Yes
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2022 Q3
5 Dec 22
why would you not get a more significant benefit to Dollar Tree’s gross margin from the significant decline in freight cost moving into next year? Should we interpret that to mean that you have to make more sizable investments in Dollar Tree in order to maintain the sales productivity of that banner
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2022 Q3
5 Dec 22
right now, there is as much pressure and many times in the product cost, underlying vendor product costs as there is in freight
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2022 Q3
5 Dec 22
freight rates start to turn back around. That -- we are on contract. Most of our business we do is on contracted carriers versus spot rates.
So there's going to be a little bit of a lag in that time frame.
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2022 Q3
5 Dec 22
given that the mix shift and some of the other cost pressures, margin isn't much more under pressure. But given these increase in revenue, the opportunity to leverage our SG&A is definitely there.
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2022 Q3
5 Dec 22
it's even hard for us to get a great value assortment at $1.25, so we've moved to multi price products in our frozen food set
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2022 Q3
5 Dec 22
throughout 2020 and 2021, our consumable sales continued to decline quarter-after-quarter, because of the product availability and the assortment we just couldn't provide for the customer at that dollar price point
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2022 Q3
5 Dec 22
for the second quarter in a row, consumables have outpaced our discretionary business and it was 9.3%, 9.4% comp sales, but discretionary still doing well over 8%
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2022 Q3
5 Dec 22
our traffic has been very stable and we saw slight improvement in Q3 in traffic
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2022 Q3
5 Dec 22
we continue to see credit is outpacing debit
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2022 Q3
5 Dec 22
private brands now for 39-weeks in a row have outpaced national brands
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2022 Q3
5 Dec 22
For Q4, we estimate consolidated net sales will range from $7.54 billion to $7.68 billion based on a mid to high single-digit increase in same-store sales
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2022 Q3
5 Dec 22
an acceleration of consumable product mix shift, and elevated product cost pressure, we expect to be in the lower half of the previous outlook range
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2022 Q3
5 Dec 22
At the end of Q2, we expected fiscal 2022 diluted earnings per share to be in the range of $7.10 to $7.40.
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2022 Q3
5 Dec 22
We expect to deliver mid single-digit comp sales increase for the year, comprised of a high single-digit increase at Dollar Tree stores and a low single-digit increase in Family Dollar.
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2022 Q3
5 Dec 22
Consolidated net sales for the year are now expected to range from $28.14 billion to $28.28 billion, compared to our previous outlook range of $27.85 billion to $28.10 billion.
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2022 Q3
5 Dec 22
at Family Dollar, we do have the flexibility to adjust price. At Dollar Tree where we are at a fixed price point, it takes us time to adjust quantities and pack sizes for cost changes, which can lead to near-term pressure to margins.
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2022 Q3
5 Dec 22
On a year-over-year basis, we are facing higher costs from suppliers related to this inflationary environment.
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2022 Q3
5 Dec 22