Jeffrey Bernstein

“Rick and Raj, rather than ask a 10-part question or follow-up, I did just want to share a personal note. With my plan to retire in the back half of this calendar year, I just wanted to thank you for your insights over the past many years.”

“I'm wondering whether you've seen a change in consumer behavior beneath the surface. There's lots of talk about the lower income consumer, increasingly cautious, more recently accentuated by the higher gas prices.”

“My first question is on the underlying consumer, the weather noise, which you talked about in Jan Feb. But you noted the ongoing negative foot traffic for the rest of your industry.”

“My question is on the broader category, and I guess your core consumer kind of tied to it. But from the category perspective, you mentioned your confidence in the brand is never stronger.”