The Company's Comparable Store Sales

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Increased And Total Sales Increased, Beating Expectations. Chief Executive Michael O'sullivan Was Pleased With The Performance, Which He Said Was Driven By Ahead-of-plan Sales, Significant Gross Margin Growth And Faster-than-expected Progress On Our Supply Chain Efficiency Initiatives. Discount Retail Stores Offer Brand-name Clothing, Footwear, Accessories, Home Furnishings, And Other Merchandise At Significantly Lower Prices Than Other Retailers. They Do This By Taking Advantage Of Disruptions And Cancellations In The Supply Chain For That Commodity. O'sullivan Said: "We Remain Confident In Our Financially Balanced Business Prospects. Based On Our Year-to-date Results, We Have Increased Our Full-year Margin And Earnings Guidance Despite Some Incremental Cost Pressures From Ocean Freight.

Nonetheless, There Are Some Risks, So We Are Carefully kazakhstan phone numbers Planning Our Business And Maintaining Comparable Store Sales Guidance For The Second Half To Growth. Seeing Consumers Wince Was A Downer For Ceo Todd Vassos In The Company's Second Quarter. Although New Store Openings And Same-store Sales Growth Drove Net Sales Growth, The Company's Operating Profit Fell To $1 Million. "We Made Important Progress On Our Back-to-basics Plan In The Second Quarter," Vassos Said. However, While We Advanced Some Operating Goals And Drove Positive Traffic Growth, We Are Not Satisfied With Our Financial Results, Including Top-line Results That Were Below Our Expectations For The Quarter.

While He Attributes The Weak Sales Trends In Part To Core Customers Feeling Financially Strapped, Vassos Explained That We Know The Importance Of Controlling The Things We Can Control. Given The Changing Retail And Consumer Landscape, We Are Taking Decisive Action To Further Enhance Our Value And Convenience And The In-store Experience For Our Associates And Customers. "Confident About The Company's Future," He Said. "With A Long History Of Serving Clients In A Variety Of Macroeconomic Environments, We Believe The Actions We Are Taking Will Allow Us To Further Strengthen Our Position And Build On Our Return To Basics." Keep Going. Seeking To Achieve Sustainable Growth And Long-term Shareholder Value.