“Transportation cost continues to be a good guy for us as we leverage our scale.”

In context

“awbacks, this would imply that really the clawbacks are starting in the fourth quarter and then will sort of continue in the first half of 2025. Thanks very much. Brandon Sink: Yeah, Chris. So, not down. We are expecting it to be up both in Q3 and Q4 of this year, but again, on the year, roughly flat. And I'll mention just a couple of the pushes and pulls. We continue to make the supply chain investments nearly complete with the rollout of market delivery, investments we're making in early innings on Pro fulfillment, and then, as you mentioned, the merchant supply chain PPI initiatives. The clawback is going to continue to benefit. And it really starts to accelerate in Q3, Q4. And as you mentioned, turning into '25, there's a lagged effect there just with how that turns through inventory. Transportation cost continues to be a good guy for us as we leverage our scale. And then, credit and shrink, expect those to be roughly flat for the full year, and a great job by the teams managing pressures in those two lines. So, you're seeing that largely those things played out here in Q2 with the progression that we saw nicely from Q1 to Q2. And those same things roughly play out for the full year. Christopher Horvers: Thank you. Have a great Labor Day. Brandon Sink: Thanks, Chris. Operator: Our next question is from the line of Scot Ciccarelli with Truist Securities. Please proceed with your question. Scot Ciccarelli: Good morning, guys. I guess a high-level question on your earnings algo. This will be basically the third year of negative comps. I guess, theoretically, if comps were to stay negative in '25, is there a point where deleverage actually accelerates”