“We're not going to experience the seasonality of the business in the second half of the year, and we're not going to experience that unprecedented overlap in those 2 highly seasonal discretionary categories.”

In context

“in the business, 1- to 3-year comps improving, again, in particular, in Pro and core interior. And then I'll point back to transactions, Q1, Simeon, down 13. We saw improvement in Q2 down 6. So we like the momentum we're seeing and optimistic around the step-changes again that we're seeing in the second half. Marvin Ellison: Simeon, this is Marvin. I think it's important to note that when you look at the first half of the year, the first half is obviously more seasonal. And so we had weather impacts that drove a lot of our negative units, if you think about outdoor lawn and garden, chemicals, et cetera. And then if you think about what we talked about the unprecedented demand we saw in the last couple of years in some of these DIY discretionary categories, specifically, patio and grills. We're not going to experience the seasonality of the business in the second half of the year, and we're not going to experience that unprecedented overlap in those 2 highly seasonal discretionary categories. Simeon Gutman: And maybe, Marvin, if I can ask you a follow-up. I know we have this Analyst Day later in the year, and you're coming off of a couple of years of historic top line growth, and you've been able to get to margin goals much faster. Do you sense or do you feel that these gains keep going as long as sales productivity keeps rising? Or do you feel like there's any part of you that says, "Hey, we could pause, reinvest and then we can even drive faster growth in the out years? Marvin Ellison: Simeon, it's a really good question. I think it depends on the financial category. So I'll remind you that home improvement is a $900 billion marketplace. And I think it's easy to just focus on the 2 largest players and determine the overall market share gain just based on that, but this is”