“On the back half, that it does include our easiest compare in the fourth quarter. So fourth quarter would be the stronger comp.”

In context

“he consumer being squeezed with inflation. Operator: Your next question comes from the line of Aneesha Sherman with Bernstein. Aneesha Sherman: I have two, please. So I'm trying to square the model of your FY guide versus the Q2 guide, implies that you're modeling about flat comps in the second half of the year. And I'm trying to square that with your view of you're lapping assortment gaps last year, so you should be able to pick up more in the back half of the year. So how does that square with the view of flat comps? And then my next question is around packaway. So you picked up a lot of packaway in Q4. When does that start to flow through? Is that fall/winter assortment that we should start to see that margin benefit from that flowing through in the second half? Michael Hartshorn: On the back half, that it does include our easiest compare in the fourth quarter. So fourth quarter would be the stronger comp. On packaway, on average, packaway, we hold it for about 4 months. So that's the way you should think about the timing on when we typically flow goods. Aneesha Sherman: But so just to follow up on the packaway. So if you -- the packaway that you're picking up in Q4, most of that will have already flowed through. Is that right? Barbara Rentler: It depends on the product. So the packaway that we picked up in Q4, so you're thinking it's like outerwear. So if it was outwear, it's seasonal. That packaway would obviously ship from the vendor when -- at the end of December, let's say, and would release in the fall season. But if you get -- there are other classifications of products like denim, like fleece, like knits or parts of home that are seasonless that can flow all along. So that can flo”