Competitive ChallengesThe category is intensely competitive, and consumers tend to be sticky, making it challenging for the company to reshape its brand.
Market Share RiskThere is a continued same-store sales softness in the near-term, and longer-term risk that market share erosion could continue as consumers migrate to online and broadline competitors.
Sales DeclineNet sales were down -2.3% year over year, reflecting comp declines and the impact of 30 net store closings.