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Management attributed the quarter's performance to a resilient operating model where aggressive cost savings and profitable e-commerce growth successfully offset a challenging top-line environment.
Identical sales were significantly impacted by a Cyclospora outbreak in the final period, which management noted cost the company approximately 35 basis points in total company IDs without fuel.
The company is executing a multi-year 'customer value plan' focused on simplifying promotions and improving shelf-price perception to earn larger baskets and more frequent trips.
