“We do expect a light or a slight impact from lumber deflation as we transition into Q4. ... We do expect some light pressure from cycling Hurricane Ian.”

In context

“ll let Brandon or Bill add anything else if they have it in addition to what I just said. William Boltz: The only thing that I would add, Brian, is that just, as I said earlier, just a reminder that over 100,000 units of appliances break in the marketplace every week. And we've got to be there for that consumer as the market leader, and that's what we're trying to do and do that in a responsible manner to make sure that we can hit all the financial targets that we need to hit. But also make sure that we can meet the customer where they want to be met, both online and in-store. Brandon Sink: Yes. And Brian, this is Brandon. Just to wrap it out in terms of how we are looking at Q4. I think our outlook largely a continuation of the macro and the traffic trends that we've experienced in Q3. We do expect a light or a slight impact from lumber deflation as we transition into Q4. All of the offers that Bill has talked about with appliance holiday offers are reflected in there. We do expect some light pressure from cycling Hurricane Ian. So we've triangulated all that. We've looked at 1-, 2-, 4-year trends all of that sort of baked into the expectations that we set, and we believe it's very achievable for us here for Q4. Kate Pearlman: Thank you all for joining us today. We'd like to wish everyone a Happy Thanksgiving and a wonderful holiday season, and we look forward to speaking with you on our fourth quarter earnings call in February. Operator: Thank you. This concludes the Lowe's third quarter 2023 earnings call. You may now disconnect.”