Zach Fadem

do you think it is fair to assume that DIY volumes could improve simply because we are lapping that initial deferral

the performance of the 35-40 new Mega Hubs today and how this cohort of Mega Hubs compares to historical openings

it sounds like weather was about a 1 to 1.5 hit to comp in Q2. Just want to make sure that is right

perhaps you could spend some time talking about the size of the prize in terms of expected returns and payback on these investments

Could you remind us what a typical ramp-up is for MegaHub and the number of satellite stores at MegaHub tends to service

Any thoughts on Q4 same SKU inflation. And as you do start to see that ramp up, could you walk us through the mechanics of LIFO

could you talk through the performance of your national accounts versus independents?

curious to what extent you'd call out weakness at the lower income consumer as a driver?

could you update us on your leverage point in 2027?

any thoughts on the game plan for fiscal 2027 to return to share gain?

How do you think about sizing a potential upgrade cycle?

curious how a rate tailwind would impact your business?

in any additional color on regions that you might be interested in down the road

Is the high 30% to low 40% incremental margins still the right way to think about this business?

You talk about the metrics you look at internally to measure the success of a promotion

could you talk a bit about the performance or take rate on Boost Weeks today versus last year and in the past

Could you talk to your expectation for second half comp impact from SRS as we move through the new year

the first question is for Q1, could you isolate the GMS impact versus core?

We've got larger tax refunds coming, perhaps also a more manageable tariff environment. Could you talk through these dynamics, particularly as you think through first half versus second half within...

could you talk about the performance of markets like Florida and Texas that saw a more challenging housing turnover and home price appreciation environment compared to those markets with perhaps a ...

Could you help us understand what's onetime in terms of impact transactions, et cetera, on Q3 and Q4?

any call-outs on commodities versus same-SKU inflation? And then with last quarter ticking down on promo

do you view this more as a catch-up due to weather or an underlying change in trend?

there's been a lot more talk about the potential for rate cuts later this year. And we also have some tax reform dynamics

from an accounting perspective, you're under the retail inventory method

is it fair to say in that scenario that your price spreads versus your peers would widen?

how much of your business would you categorize as needs based versus discretionary today?

starting with the hurricane impact, Richard, you called out about 55 basis points in Q3. Any color on category impacts and if those sales skewed more DIY versus pro?

how is your view of the category changed at all in light of all of the changes in the world around us

I'm curious if there's any extra color you can talk through in terms of how that's trended through the year?

could we talk through early margin scenarios in both a status quo environment as well as the scenario where perhaps we see some benefits

What is the vision here, and what makes this pivot so compelling in your view, especially now?

Does the comp inflection signal a turn in the home improvement market overall or is it more of a weather and seasonal bounce

Do you think it's fair to say there was some post-exuberance on behalf of the consumer as a whole in Q4 that's maybe died down a little bit

Curious how you think through other policy dynamics like immigration and how that could impact your business

at the gross margin line, maybe we could talk about magnitude of supply chain and distribution tailwinds on the do-it-for-me mix drag offset by Mexico potential benefit

to what extent you are or are not incorporating these factors in your 3% to 5% guide?

Can you talk about just the expected impact or opportunity for unlocking share gains in the Mid-Atlantic and Northeast

can you help level set us on the mix of your business that you would say requires immediate action like a dead battery versus what mix is deferrable or discretionary

is there any color you can offer on the magnitude of operating margin performance in the first half of the year versus the second half

if you were able to get all transactions under four minutes, how would you frame the comp opportunity?

maybe we could talk a bit more about the comp building blocks. Maybe we talked a little bit about direct sales. Maybe we could touch on Alivet

First on sale leaseback. What was the benefit in Q2 or Q1 in any update on annual cadence. And then on new store productivity

what is the weighted average tariff rate today, and how has that changed over the last two quarters?

Could we start with your take on broader category performance from Q2 to Q3 and whether you saw underlying improvement there?