Cost EfficienciesEfficiency improvement benefits particularly at the DC level came in above internal expectations, enough to offset margin pressure.
Financial PerformanceBetter 2Q results (+4% comps) coupled with a solid 3Q/2H outlook and raised FY EPS plan should keep momentum in the story.
Merchandising StrategyThe merchandising strategy has improved the value proposition – which encompasses brand, quality, and price – and is resonating with consumers.