Chuck Grom

the decision to accelerate growth and I guess, how this speaks to the acquisition opportunities that are out there

You talked about cost of goods management and mix. Maybe dive into the cost of goods management

I believe in the back half of last year, it was around 150 basis points, 160 basis points. You called out about 110 basis points this quarter, which is a really nice improvement.

I was wondering if you could just speak to the overall health of your consumer across income cohorts, any incremental evidence of trade down.

You guided to 41% combined inside margins. I was hoping you could unpack that for us both for the grocery business and Prepared Foods?

Do you feel like the $0.02 drag from CEFCO is something we should be continuing to model out over fiscal '26?

On the $0.02 drag on the cents per gallon from Fikes, should we think about that wrapping over the next three quarters

are you seeing trade down more people buying fountain drinks? Is there anything to unpack over the past four weeks to six weeks

Can you zoom out and help us think about capital allocation, including plans for a special dividend

are you making any notable changes to the assortment akin to some of the changes you made last fall?

The class of '25, $192 million in sales versus $150 million in in 2023

Can we dive into your core on core margins a little bit, up 29 basis points year over year, how that spans

Ron, you called out some technology efforts at the front end as as an we double click on that a little bit?

Wanted to just go back to the digital MVM and was curious how vast that effort has been at this point in time.

can you talk about Costco's right to earn more wallet share with your more affluent higher-income shopper

can you just amplify on the strong start to November and the more positive outlook for the fourth quarter?

it seems like the only really missing ingredient here is getting the comp back above 3% and being able to do it consistently. I guess, how are you feeling about that opportunity

how are you thinking about the company's operating margin structure over time? It looks like if we back out the hurricane costs, you're going to exit this year a little bit around 5%

can we unpack the 160 basis point increase in SG&A? And then also looking ahead to the fourth quarter

how is the buying team evolve in its purchasing decisions? How are you handling incremental markdowns with multi-price as we move forward?

Can we talk about how the 1.0 and 2.0 stores are comping so far in the first quarter?

Any change in basket or customer frequency as you roll out the MET teams?

Can you discuss the progress you guys are making with Trade Credit and the adoption of Trade Credit by Pro

is there anything you see that supports more fatigue in your upper income customer base?

how should we think about the improvement line for those 2 businesses?

I was hoping you could maybe double click on the areas where the business has most notably improved

Can we just talk about the moving parts in the quarter? How are you thinking about the cadence in the back half?

I was curious if you saw any pull forward in demand in the quarter or change in project sizes

four consecutive quarters now of shrink, roughly probably call it 30 to 40 basis points of a tailwind

on gross margins, down 40 basis points. It sounds like SRS was the lion share. Is there any way to double click on that and just unpack?

Can you discuss SRS and the progress you've made in cross-selling products and services across the two businesses?

Your PPI efforts continue to be the gift that keeps on giving. Can you guys size up the opportunity set as we look ahead?

you called out five of your 15 regions outperforming. Are there any commonalities across those areas

How are you thinking about units going? Do you still want to target the 5%? Do you think about densifying in the Northeast more

how do you think about the drivers to help you comp the comp? The implicit comp is a 2% to 3%

I'm curious how you continue to evolve the marketing strategy in '26?

do you think you're driving new or lapsed customers think you're increasing engagement with existing customers?

can you talk about your expectations for elasticity if you have to raise prices as we progress throughout the year

Talk about the cadence of sales throughout the quarter? And then also the composition of the comp between traffic and ticket?

can you talk about the 5% comp in the context of category performance across apparel, home, footwear, accessories, and gifting

Can we zoom in on Neighbor's Club, Garden Centers and Direct Mile and maybe double click on the opportunities on each of these fronts

Given the increasing tariff drop, curious if you're making any changes to your seasonal assortment for the holidays

Can you discuss early results in PetRx? How many Neighbor's Club members were already using PetRx?

I was wondering if you could just maybe double click on each month for us. And then within the month of April, are you guys tracking within the guide?

I think this is one of the first times in a while the product category mix has been a margin source for Walmart

the health of the U.S. consumer across income cohorts

what you're seeing in Walmart Plus membership

Can you help us think about the underlying demand curve in the business

Can you walk through some of the KPIs across the metrics you follow to give us a sense of kind of where you are on that journey

can you talk about the opportunities for store growth in 2026 and beyond, particularly as you incubate new concepts, especially Rejuvenation? Also, how are you thinking about expanding B2B over the...

how you see sustainability moving into 2026? Probably speaking, a lot of your peers are doing better. Do you think that continues?

I'm curious if it's possible to sort of unpack how much of that you see as structural? In other words, as we start to see the top line improve