Analyst
Morgan Stanley
Equibles does not estimate personal net worth.
Zach is recorded as Analyst at Morgan Stanley. Zach has spoken on 6 earnings calls across 5 companies, most recently for Yesway, Inc. on August 13, 2026. Those appearances were for Driven Brands Holdings Inc. (DRVN), Yesway, Inc. (YSWY), TRAVIS PERKINS PLC, Albertsons Companies, Inc. (ACI) and Grocery Outlet Holding Corp. (GO). The companies whose calls Zach spoke on are classified in the Consumer Cyclical, Consumer Defensive and Industrials sectors.
“I just wanted to follow up on the merch comps question. Yeah, of course. So yeah, following up on the merch comps, are you willing to share whether traffic is positive and do you expect sequential improvement in traffic through the balance of the year?”
“So firstly, on working capital, where do you think you've made the most progress in the first half? And what are the goals for the second half?”
“You mentioned the sequential improvement in unit trends. Can you speak to the composition of that trend? Is it loyal families spending more? Is it new customers?”
“Take 5 has been among the fastest unit growers in the industry since 2019. At the same time, it looks like units for this year, 2025, will end a tad below original expectations.”
“I just wanted to follow up on the refresh program. What type of uplift are you assuming that will provide, you know, on a consolidated basis? And how does the timing of that look over the next few quarters?”
Morgan Stanley
Analyst
Transcript header (unverified)
Auto & Truck Dealerships · Consumer Cyclical
YSWY
Grocery Stores · Consumer Defensive
TRAVIS PERKINS PLC
Industrial Distribution · Industrials
2026 Half Year Results
TRAVIS PERKINS PLC
