Seth Sigman

expenses, have come in a little bit lower over the last 2 quarters. Versus the elevated plan that you had laid out

I am just trying to think about some of the offsets, whether it is transactions or maybe mix accelerating

For shrink specifically, I'm just curious, any more perspective on what happened in the period?

You did have a competitor close a large number of stores over the last 6 months. I'm curious whether that had any impact

what needs to happen for the CE category and the appliance category to get back to growth?

was there anything unique this quarter you could unpack that

bridge us to the third quarter comps being similar to Q2

I wanted to focus on market share this quarter and around some of the bigger events

just first on the quarter to date, 5% obviously a lot stronger

when we look at the refunds this quarter, it looked like it was 81 basis points to the gross margin

just on the guidance change, you raised it by $0.10 just want to confirm, looks like 5¢ of that comes from the tax rate

Can you talk a little bit more about that opportunity to further optimize inventory? But also payables, that's been a big benefit here. What's changing? How much more can that go?

Can you talk about the value proposition? What is appealing about your offering for the consumer for delivery today?

Can you talk a little bit more about the path back to normal operating leverage in light of the 2% to 3% comps that you mentioned?

I wanted to focus on damages. That's been one of the lingering issues here for some time. It seems like it could be at an inflection now

I wanted to focus on the gross margin. The trend is improving, down less this quarter than prior quarters

your prior outlook embedded a higher tariff rate versus the current 12.5% that you mentioned.

how you’re deploying those funds and what type of return are you assuming in this guidance?

do you still feel like traffic can inflect positively in the second half of the year?

on the SG&A outlook, I guess that's one of the big changes versus 2025

when do you think traffic could actually inflect positively? And maybe you could also elaborate on that point that your experience this time around regarding elasticity has been maybe better than t...

Is there any way to quantify the overall lift to comps from that new multi-price point product

I am curious specifically on conversions. I just wanted to go back to that. I think you mentioned 150 basis point lift this quarter

The guidance is for a marked improvement in 2025. Now obviously, you said that you mitigated the first 10% tariffs here. I just want to clarify that means that there's no impact on the gross margin?

you've raised the benefit from lower freight costs by about $1 to $1 for the year. It seems like that's more than the total guidance change. So I'm curious if you could maybe frame for us what the ...

I wanted to ask about the gap between total comps and Home Depot US Comps

as we think about the comp guidance for full-year, I think it implies a pretty wide range of scenarios

can you talk about how are you benchmarking your progress? How are you benchmarking your performance

what those drivers could be to get you back to a slightly better comp as you move through the year?

I wanted to ask about the housing backdrop and if you could elaborate on regional performance in the period

you are guiding flat in twenty five. You still have some SRS dilution wrapping into this year

it does seem like Home Depot's performance improved relative to the industry this quarter. Can you speak to that?

it does seem like it took a step down this quarter even in light of hurricane, certain categories you mentioned like generators. How do you categorize that?

Is there a bigger, maybe more inclusive number for savings that's built into this guidance

there was a comment that you feel good about quarter-to-date. I am not sure if that implies there is anything more you can share about that and what may be driving that if it is improving?

is there a way to think about the quality of what you're seeing there, thinking about new customers versus existing customers?

To what extent do you think the script share gains are translating into improvements in other parts of the business, obviously, with IDs accelerating?

Is the view that you'll reinvest all of that, or could there be upside to the guidance

Can you just talk about how those cost pressures are impacting the business, how you were able to manage that?

is that just less inflation in Q1, something specific in Q1 that would have led to that moderation in ticket

talk about underlying performance in Q1 and then how are you planning those businesses for the rest of the year

was there a benefit from raising prices relative to the cost coming through? Or anything else you can tell us about the mix dynamics

how do you think about the sustainability of gross margin as the primary driver of that?

Can you give a little bit more perspective on what you're seeing in the markets where you've had steadier spring weather conditions?

Has your view on the macro for the back half changed at all? Just help us bridge that a little bit more

if you could just update us on the vendor callbacks, just the progress with that. It'd be great if you could quantify the benefit this quarter?

has your view changed at all about the operating leverage in the model, the type of comp you need to get that breakeven or operating leverage?

inflation was 150 basis points in Q1. I think that's actually down from where it was in the fourth quarter. Did you guys actually lower prices?

Can you talk a little bit more about the cadence of the price changes that you're planning here that drives that inflation in the back half

it would be helpful to maybe just quantify the actual sales impact, the actual EPS impact that you've embedded here from tariffs

what categories have really under-punched, any signs that maybe that's starting to improve? And then if you could also speak to big ticket

how is the composition of the basket changing? Are you seeing trade down?

I wanted to ask about health and wellness. It did moderate in the quarter. I know there's a lot of noise in that category

operating leverage and how you're thinking about the fourth quarter

elaborate on the price changes that you started to make this quarter

Could you talk about some of the details around the dilution

I wanted to focus on the acceleration in average ticket in the U.S. I think that was the strongest in over a year

the composition of the business is maybe shifting, meaning more volume is improving. Is that right directionally

on the merchandise margins, they were down this quarter, but a little bit better than I think expected

Just trying to understand how the higher tariff costs will start to phase in here

Can you talk a little more about the complexion of that today?