Expects to improve return process in 2024, gaining efficiencies. Expects to open approximately 80 stores over next five years. Expects to open 12 new stores in FY24. Says sales in Q4 “largely in line with expectations.” Says some softness in big ticket purchases in Q4. Says customers continue to take on smaller projects, defer larger projects. Says Pro/DIY performance “relatively in line with each other” in Q4. Comments taken from Q4 earnings conference call.
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