“With respect to '24, first, we expect a normal seasonal curve for our business.”

In context

“s you said, we expect to gained share in any macro environment through our growth initiatives of Pro, the interconnected experience and new stores, and that takes us to our negative 1% comp outlook. Simeon Gutman: Fair enough. And then a follow-up, can we ask about the shape of the year? You lapped lumber deflation in the first part of the year, maybe some weather. So that should be better, but the second half is in theory post interest rate cuts, maybe durables get a little bit better. So how should we think about it? Richard McPhail: Yes. So Simeon, lumber was actually a function more of a comparison to 2022 and 2023. If you compare the lumber charts, just I'd encourage you to pull it up, lumber prices were relatively steady across 2023. So we don't really see a material impact to 2024. With respect to '24, first, we expect a normal seasonal curve for our business. So there's really no seasonal shift in how we think about the halves. We anticipate the second half coming in slightly better than the first half, with both being negative, at least as implied in our guidance. It might help to recall the halves for 2023, were relatively in line with one another. . Operator: Our next question comes from the line of Zachary Fadem with Wells Fargo. Zachary Fadem: So starting with the underlying comp commentary. Curious if you could share some thoughts on Pro versus DIY trends, both for the industry as well as your share gain potential? And then any early thoughts on traffic versus ticket? Edward Decker: If you look at Pro versus consumer, Zach. I mean, for us, they were -- they were effectively the same in Q4. Overall, industry don't see that being too terri”