“We got $500 million roughly in OpEx offsetting there across a number of pressures that we're seeing.”

In context

“lat comps over the course of the first half, and we talked about the shift of the $400 million from spring to play out Q1 into Q2. Q1 played out as expected. So, as I referenced, expecting roughly 1.5% Q2, we feel like we have strong inventory levels, and we're ready. We have a lot of confidence in Q2 expectations. And then implied in the second half is roughly a plus 1. We expect to continue to see momentum with our Total Home sales initiatives offsetting hurricane pressure. So that's kind of the shape of the top line. As it relates to margin, we're expecting gross margins to hold roughly flat for the full year. The PPI portfolio initiatives continue to offset cost and inflationary pressures. On the SG&A side, the team continues to outperform there managing a number of lines really well. We got $500 million roughly in OpEx offsetting there across a number of pressures that we're seeing. So that kind of gets you to the guide of 12.3% to 12.4%. Again, Q1 roughly in line with expectations, and that's how we're thinking about Q2 to Q4. Simeon Gutman: Okay. And then shifting gears, maybe for Marvin, I wanted to ask about the larger Pro, Artisan Design Group. I guess, is the deal signaling that you're planning to move quicker here if opportunities present themselves? How do we think about that in relation for Lowe's? And then can you talk about how quickly the business is growing organically? Or whatever that growth rate of the business looks like? Marvin Ellison: Yes. We feel really good about the acquisition. We've been really disciplined with how we've managed our capital. And so, any time we decide to make any acquisition is well thought-out and then we have a lot of confi”