“Yeah. I would say, Scot, we expect our kind of rule of thumb in the algorithm. We expect that, that still holds. And it's directional, and it applies mainly to the fiscal year. We still see plus 10 basis points on the upside for every incremental point of comp and then 15 basis points on the downside.”

In context

“or 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 because of the fixed cost nature of your model? Brandon Sink: Yeah. I would say, Scot, we expect our kind of rule of thumb in the algorithm. We expect that, that still holds. And it's directional, and it applies mainly to the fiscal year. We still see plus 10 basis points on the upside for every incremental point of comp and then 15 basis points on the downside. That's what's reflected in our full year guide. And we're working really hard to kind of stay consistent with that. It's not a natural output with all the work we've been doing across the portfolio with PPI. And then, you referenced our overall roadmap. We'll talk more about 2025 in December, but really the framework still holds. Everything we've been driving from a PPI standpoint, offsetting investments we're making in gross margin. On the SG&A side, same thing, investing or offsetting investments that we're making in wages, inflationary pressures, strategic investments. And it really comes down to the fixed cost leverage and our ability to grow top-line, but when we do that, we believe we stay consistent with that framework, and we can see the expansion. Scot Ciccarelli: Helpful. And th”