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Merchandise cost, including freight, decreased 455 basis points primarily due to higher initial mark-on, partially offset by higher freight costs and increased sales of lower-margin consumable merchandise. Occupancy costs decreased 50 basis points from leverage on the comp sales increase. Distribution costs decreased 20 basis points from leverage and higher capitalized amounts due to increases in inventory levels, partially offset by higher hourly wages and higher DC maintenance and compliance costs. And shrink increased 20 basis points, primarily from more favorable results in relation to accruals in the prior year quarter.
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2022 Q2
26 Aug 22
This year, we have a small, manageable backlog.
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2022 Q2
26 Aug 22
a year ago, we had a backlog of thousands of containers
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2022 Q2
26 Aug 22
There are signs of trade down to our stores
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2022 Q2
26 Aug 22
comps were relatively balanced throughout the quarter
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2022 Q2
26 Aug 22
the negative impact of the limited global supply of helium, which hindered sales of balloon products and the party-related merchandise.
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2022 Q2
26 Aug 22
Consumables, which represented 46.8% of the mix in Q2, comped at 7.9% while discretionary increased 6.7%
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2022 Q2
26 Aug 22
traffic decline of 5.8%
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2022 Q2
26 Aug 22
14.2% increase in average ticket
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2022 Q2
26 Aug 22
15.4% operating margin
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2022 Q2
26 Aug 22
a 7.5% comp; a 37.4% gross margin
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2022 Q2
26 Aug 22
Dollar Tree banner
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2022 Q2
26 Aug 22
With the recent price investments, we believe Family Dollar is now in a better competitive position on price than it has been for over a decade.
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2022 Q2
26 Aug 22
In Q2, consumables represented 77.3% of Family Dollar sales compared to 75.8% in Q2 of 2021.
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2022 Q2
26 Aug 22
the consumables comp increased 4% for the quarter. Discretionary comps declined 4.1% as shoppers continue to manage through this inflationary environment.
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2022 Q2
26 Aug 22
monthly comps range from a positive 1.5 to a positive 2.5.
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2022 Q2
26 Aug 22
A 3.3% increase in average ticket more than offset a 1.2% decline in transaction count.
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2022 Q2
26 Aug 22
Family Dollar team. A positive 2% comp
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2022 Q2
26 Aug 22
increases of 6.7% in sales, 14.2% in gross profit, 25.7% in operating profit and 30.1% in EPS while successfully navigating through another quarter of macro uncertainty.
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2022 Q2
26 Aug 22