Jonathan Matuszewski

Jason expects home theater, phones and emerging categories to keep growing and GTA VI to help Q4, while computing softens as it laps the Windows 10 end-of-life quarter.

Jason said the inventory build is opportunistic and specific to computing (buying ahead of memory price increases), not a broad front-loading strategy.

Jason said vendors are actually pushing to find other valuable features (screen size/quality, AI features) to drive demand and offset memory pressure. No indication of innovation slowdown. On pull-forward, seeing continued stability and growth in computing (8 quarters) and mobile (4 quarters) driven by genuine upgrade demand, not fear-buying.

Matt said continued investment in marketplace and ads is expected next year but hasn't finalized the amount. Believes it's a good trade-off over 1-3-5 year period for driving rate and fueling other business parts. Higher sales momentum should help offset through SG&A leverage.

Corie said they're moving quickly but prioritizing customer experience over speed, need to handle scheduled delivery, installation, services, and membership in instant checkout context. Also ensuring brand shows up properly across various agentic tools.

Corie said the enabling-care-at-home strategy remains intact. Active aging/Lively and consumer health devices are viable. Hospital-at-home has been slower due to waiver uncertainty in administration budgeting and healthcare provider financial struggles. They're optimizing that segment while maintaining belief in tech-enabled health's future.

Matt declined to quantify the blended price increase but reiterated that only a portion of tariff rates flow through as cost increases, and BBY will always be competitively priced. Corie added the situation is too fluid to snap a static number.

Corie noted Canada was more refurb-focused while U.S. will emphasize deeper new product assortment and multiple versions of same SKUs to capture latent demand.

Laura cited broad category strength, Williams Sonoma Home improvement and collaborations, but did not directly split new-customer vs existing-customer share gains.

Howie said trade growth is driven by relationships and service rather than pricing, and highlighted the contract business up 22% with a robust pipeline toward the $2 billion B2B goal.

Laura declined to dimensionalize pricing within comp guidance. Emphasized constant testing of price-value relationships across brands. Some items still underpriced, others could be reduced to drive units. Jeff pivoted to growth drivers: white space opportunities (West Elm Office, dorm, baby), emerging brands, B2B at 14% comp, retail at 6.4% comp. Comp midpoint reflects strategy momentum and market share gains.

Laura outlined opportunity across the full customer spectrum. Rejuvenation and Green Row target high end with strong growth. Also focused on upper middle through Pottery Barn and West Elm. Design services can serve high-end at fraction of competitor prices.

Laura emphasized pricing is surgical and value-driven, not sweeping. Focus on maintaining competitive pricing while offering strong design-quality-value relationship. Feels good about pricing through balance of year.

Jeff declined to share intra-quarter comp cadence but emphasized every brand positive comp and furniture positive for first time in 9 quarters. Consumer responding to strategies and taking market share.

Laura confirmed ongoing optimization with strict ROI criteria, 17% of fleet closed since 2019. Highlighted successful remodels like Oklahoma City Pottery Barn with double-digit uplift.

Alber described double-digit increases in newness across categories. West Elm benefiting from furniture newness with double-digit positive comps. Emphasized quality over quantity of newness, ensuring it's truly incremental and balancing assortment breadth with proven demand signals.

Marvin confirmed no material geographic performance differences when stripping out weather, despite varying housing dynamics across the country.

Brandon noted Media Network benefits are included in the $1B productivity target, split roughly evenly between gross margin and SG&A. Bill highlighted leveraging loyalty program insights and expanding into creator networks, sports marketing, connected TV, and online video.

Marvin described current drywall fulfillment as painful; FBM partnership enables electronic order routing with 24-hour delivery, especially in underserved geographies.

Brandon deferred specifics on working capital but expressed confidence marketplace will be a meaningful contributor to online offering beyond 2025.

Nelson acknowledged no near-term housing catalyst but company well positioned with high share positions in construction trades. Using current period to invest in relationships and innovation for eventual market recovery.

Nelson said CRAFTSMAN performing in line with market, which is soft. Planning significant power tools assortment expansion for the brand over next 12-24 months to drive organic growth regardless of market conditions.

Seth said the company indexes pricing across channels and its position is equal to or stronger than recent years, funded partly by landed-cost initiatives.

Hal confirmed Q1 tracking above plan. January ~30% of Q1 sales, March ~40%. First 3 weeks offset by warm weather lapping storms, then flipped with Winter Storm Fern. Optimistic about tax refund potential similar to 2018.