There are a series of factors affecting categories of the business. We have to take all those factors into account.
More Quotes from Paul Ballew:
We look at this every which way and we really cannot find evidence of some seismic change in consumer behavior,Paul Ballew
The operative word is we remain cautiously optimistic, ... There are risks. Head winds are clearly present. We are seeing slower growth and seeing some erosion in consumer confidence. But we want to stress, as we look at November and December, we should not overreact to those factors.
Paul Ballew
We had a very challenging month. We had some pockets of strength, but once again with the number of head winds for the month, we were down.
Paul Ballew
Anytime you're looking at the prospect for a soft landing, there's going to be uncertainty and risks, ... If what we're talking about is a prelude to an economic downturn, the industry will suffer over a two-to-three-year time. But the economy has shown a high degree of resiliency.
Paul Ballew
We have thought it through, but we don't want to tip our hand. We need to see how all of this plays itself out. It's hard to execute a strategy until we know that. But we're still going to lead and still set the terms as much as we can.
Paul Ballew
It's something to monitor. Let's just take a deep breath and get our arms around it.
Paul Ballew
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