The company’s financial guidance continues to assume no share repurchases in fiscal year 2025. The company continues to expect capital expenditures, including those related to investments in the company’s strategic initiatives, in the range of $1.3B-$1.4B. The company is also reiterating its plans to execute approximately 4,885 real estate projects in fiscal year 2025, including opening approximately 575 new stores in the U.S. and up to 15 new stores in Mexico, remodeling approximately 2,000 stores through Project Renovate, remodeling approximately 2,250 stores through Project Elevate, and relocating approximately 45 stores.
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