Michelle Gass Bruce Besanko
Transcript of Michelle Gass Bruce Besanko
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Building on our momentumPURPOSE:
Put customers first
Build great teams
Act with integrity
Drive results
VALUES:
PILLARS:
Amazing Product
Easy Experience
Personalized Connections
Incredible Savings
Winning Teams
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Driving TrafficOUR KEY PRIORITIES:
Amazing Product
Easy Experience
Personalized Connections
Incredible Savings
ACTIVE/NATIONAL BRANDS
NEWNESS
SPEED TO MARKET
LOCALIZATION
IN STORE
DIGITAL
RIGHTSIZING
1 TO 1 ENGAGEMENT
YOUR PRICE
SMART CART
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Operational ExcellenceOUR KEY PRIORITIES:
InventoryManagement
Expense Reduction for reinvestment
WorkingDifferently
APR APRFiscal comp
MAR MARFiscal comp
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Calendar : 53rd week shift impact – Q1
Q1 2/4/18 - 2/10/18
2/11/18 - 2/17/18
2/18/18 - 2/24/18
2/25/18 - 3/3/18
FISCAL 2018FISCAL 2017
3/4/18 - 3/10/18
3/11/18 - 3/17/18
3/18/18 - 3/24/18
3/25/18 - 3/31/18
4/1/18 - 4/7/18
4/8/18 - 4/14/18
4/15/18 - 4/21/18
4/22/18 - 4/28/18
4/29/18 - 5/5/18
1/29/17 - 2/4/17
2/5/17 - 2/11/17
2/12/17 - 2/18/17
2/19/17 - 2/25/17
2/26/17 - 3/4/17
3/5/17 - 3/11/17
3/12/17 - 3/18/17
3/19/17 - 3/25/17
3/26/17 - 4/1/17
4/2/17 - 4/8/17
4/9/17 - 4/15/17
4/16/17 - 4/22/17
4/23/17 - 4/29/17
4/30/17 - 5/6/17
Arrows show shifted comps
Our shifted calendar is in accordance with the NRF calendar
We will report both shifted and fiscal comps
FEB FEBFiscal comp
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Comparable Sales
Q1 Shifted comp: +0.4%Q12017
2018
Q2
Q3
Q453rd week shifts into Q4
2017
2018
2017
2018
2017
2018
1/29 - 2/4
F&F 4/29 - 5/5
BTS 7/29 - 8/4
F&F 4/30 - 5/6
BTS 7/30 - 8/5
10/28 - 11/3
1/27 - 2/2
10/29 - 11/4
Annualized guidance: 0% – 2
Comp Sales:
Margin bps:
SG&A change:
Depreciation:
Interest:
Tax Rate:
EPS:
Capital Expenditure:
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2018 Guidance
0% - 2%
+15 to +20 bps
1% - 2%
~$960M
~$260M
24% - 25%
$5.05 - $5.50
~$700M
As updated on May 22, 2018
JUL JULFiscal comp
JUN JUNFiscal comp
FISCAL 2018FISCAL 2017
MAY MAYFiscal comp
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Calendar : 53rd week shift impact – Q2
Q2 5/6/18 - 5/12/18
5/13/18 - 5/19/18
5/20/18 - 5/26/18
5/27/18 - 6/2/18
6/3/18 - 6/9/18
6/10/18 - 6/16/18
6/17/18 - 6/23/18
6/24/18 - 6/30/18
7/1/18 - 7/7/18
7/8/18 - 7/14/18
7/15/18 - 7/21/18
7/22/18 - 7/28/18
7/29/18 - 8/4/18
4/30/17 - 5/6/17
5/7/17 - 5/13/17
5/14/17 - 5/20/17
5/21/17 - 5/27/17
5/28/17 - 6/3/17
6/4/17 - 6/10/17
6/11/17 - 6/17/17
6/18/17 - 6/24/17
6/25/17 - 7/1/17
7/2/17 - 7/8/17
7/9/17 - 7/15/17
7/16/17 - 7/22/17
7/23/17 - 7/29/17
Arrows show shifted comps
Our shifted calendar is in accordance with the NRF calendar
We will report both shifted and fiscal comps
7/30/17 - 8/5/17
OCT OCTFiscal comp
SEP SEPFiscal comp
FISCAL 2018FISCAL 2017
AUG AUGFiscal comp
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Calendar : 53rd week shift impact – Q3
Q3 8/5/18 - 8/11/18
8/12/18 - 8/18/18
8/19/18 - 8/25/18
8/26/18 - 9/1/18
9/2/18 - 9/8/18
9/9/18 - 9/15/18
9/16/18 - 9/22/18
9/23/18 - 9/29/18
9/30/18 - 10/6/18
10/7/18 - 10/13/18
10/14/18 - 10/20/18
10/21/18 - 10/27/18
10/28/18 - 11/3/18
7/30/17 - 8/5/17
8/6/17 - 8/12/17
8/13/17 - 8/19/17
8/20/17 - 8/26/17
8/27/17 - 9/2/17
9/3/17 - 9/9/17
9/10/17 - 9/16/17
9/17/17 - 9/23/17
9/24/17 - 9/30/17
10/1/17 - 10/7/17
10/8/17 - 10/14/17
10/15/17 - 10/21/17
10/22/17 - 10/28/17
Arrows show shifted comps
Our shifted calendar is in accordance with the NRF calendar
We will report both shifted and fiscal comps
10/29/17 - 11/4/17
JAN JANFiscal comp
DEC DECFiscal comp
FISCAL 2018FISCAL 2017
NOV NOVFiscal comp
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Calendar : 53rd week shift impact – Q4
Q4 11/4/18 - 11/10/18
11/11/18 - 11/17/18
11/18/18 - 11/24/18
11/25/18 - 12/1/18
12/2/18 - 12/8/18
12/9/18 - 12/15/18
12/16/18 - 12/22/18
12/23/18 - 12/29/18
12/30/18 - 1/5/19
1/6/19 - 1/12/19
1/13/19 - 1/19/19
1/20/19 - 1/26/19
1/27/19 - 2/2/19
10/29/17 - 11/4/17
11/5/17 - 11/11/17
11/12/17 - 11/18/17
11/19/17 - 11/25/17
11/26/17 - 12/2/17
12/3/17 - 12/9/17
12/10/17 - 12/16/17
12/17/17 - 12/23/17
12/24/17 - 12/30/17
12/31/17 - 1/6/18
1/7/18 - 1/13/18
1/14/18 - 1/20/18
1/21/18 - 1/27/18
1/28/18 - 2/3/18
Arrows show shifted comps
Our shifted calendar is in accordance with the NRF calendar
We will report both shifted and fiscal comps