“Again, Jonathan, I think just on an absolute dollar performance standpoint, we're expecting more of the same in terms of what we saw second half. We don't have any macro improvement sort of embedded in.”

In context

“pansion of those categories in our rural environments. But overall, the West outperformed. As Brandon mentioned, Pro was widespread at a really strong performance. And the rural set of our stores kind of is the high watermark in performance among all geographic locations. Jonathan Matuszewski: That's really helpful. And then just quickly, just to circle back on big ticket. I know there were some questions earlier. Just to be clear, what does the midpoint of your annual comp guidance embed for big ticket, right? So over [ 500 ] transactions were down around 7.5%. So does that 2% to 3% comp decline for the year requires sequential improvement in year-over-year declines for purchases over [ 500 ] or are you expecting that to basically continue throughout the rest of '24. Brandon Sink: Yes. Again, Jonathan, I think just on an absolute dollar performance standpoint, we're expecting more of the same in terms of what we saw second half. We don't have any macro improvement sort of embedded in. So from an absolute standpoint across these categories, we're expecting similar performance as we move through the year, but the comps should improve significantly in these categories just again based on what we're cycling and when we started to see the downturn in the second half of last year. Kate Pearlman: Thank you all for joining us today. We look forward to speaking with you on our second quarter earnings call in August. Operator: Thank you. This concludes the Lowe's First Quarter 2024 earnings call. You may now disconnect.”