Basket GrowthBasket growth remains negative for a fourth consecutive quarter, which is longer than originally assumed, considering historical steady annual basket growth.
GuidanceSofter guidance for FY25 SSS was a contributor to the stock's weakness, as expectations are now for the midpoint of the range rather than the high-end.
Market ReactionThe stock closed down by more than 5% due to profit taking and lower guidance for SSS, along with margin uncertainty from a new DC ramp.