Question · Q2 2026
Ryan Bulger inquired about the breakdown of comparable sales growth between traffic and average ticket for both owned and owned plus licensed plus marketplace (OLM) bases, and asked about broader marketplace pricing trends related to tariffs and the company's response.
Answer
Tony Spring, Chairman and CEO, noted that business improvement was broad-based, driven by increases in traffic and average order value, though unit demand was softer, reflecting a choiceful consumer and early pricing impacts. He highlighted a clean inventory position and open-to-buy flexibility. Tom Edwards, COO and CFO, reiterated a prudent outlook for the second half due to tariffs, emphasizing careful monitoring and competitive price adjustments.