Beatriz Rowan

Beatriz Rowan asked for clarification on the sequential slowdown in DIY sales, specifically how much was attributable to weather comparisons versus any underlying demand deterioration or government shutdown noise. She also inquired about the trajectory of SG&A per-store growth throughout the year.

Answer

President and CEO Philip Daniele III stated that the DIY slowdown was a 'wobble' in the middle four-week segment, primarily due to less favorable weather comparisons year-over-year (absence of cold snap and hurricanes), not a deterioration in customer demand. CFO Jamere Jackson noted that approximately two points of SG&A growth are related to new stores and commercial programs, which will continue, with store openings being back-half weighted for FY26.