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【piaa district 10 track and field championships 2024】Taylor Swift Officially Announces The Eras Tour: All the Enchanting Details
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简介Swifties, are you ready for it?Taylor Swiftis going on tour!The superstar singer appeared onGood Mor ...
Swifties,piaa district 10 track and field championships 2024 are you ready for it?
Taylor Swift
is going on tour!
The superstar singer appeared on
Good Morning America
Nov. 1 to announce that she's heading back on the road for The Eras Tour. "It's a journey through all the musical eras of my career," Swift, who was previously forced to
cancel her Lover Fest concerts in 2021
amid the
coronavirus pandemic
, said in a
video message
. "I have some brilliant opening acts coming along with me. And really I'm just so excited that I get to look you guys in the eye and say 'thank you' for everything. Thank you for this incredible week with
Midnights
and everything that you've done for me. I just am very excited to see you."
According to Swift's
website
, which has been updated with The Eras Tour details, those brilliant opening acts include
Paramore
,
GAYLE
,
beabadoobee
,
Gracie Abrams
,
Phoebe Bridgers
,
girl in red
,
OWENN
,
MUNA
and
HAIM
.
Taylor Swift's
Midnights
Style
Swift's announcement comes just hours after she made history with her
Midnights
album, claiming the Billboard Hot 100's entire top 10 with songs from the record. "10 out of 10 of the Hot 100??? On my 10th album???" the 32-year-old
tweeted
Oct. 31. "I AM IN SHAMBLES."
🚨 FIRST ON @GMA: @taylorswift13 is going back on tour! 🚨
— Good Morning America (@GMA) November 1, 2022
Check out all the info on her "Eras" tour here: https://t.co/ESCtIe5at0#Eras#MidnightsTaylorSwift #MidnightsTS
#TaylorSwift pic.twitter.com/M5xbcraipv
On top of that,
Midnight
's received over 1 million pure U.S. album sales in its first week alone, according to Republic Records, making it the first album to reach this achievement since Swift's 2017 record
reputation
.
So, it's safe to say Swift has a lot to celebrate as she heads out on tour.
Evan Agostini/Invision/AP/Shutterstock
Take a look at Swift's U.S. tour dates below!
SAT, MAR 18, 2023:
STATE FARM STADIUM Glendale, AZ
SAT, MAR 25, 2023:
ALLEGIANT STADIUM Las Vegas, NV
SAT, APR 1, 2023:
AT&T STADIUM Arlington, TX
SUN, APR 2, 2023:
AT&T STADIUM Arlington, TX
SAT, APR 15, 2023:
RAYMOND JAMES STADIUM Tampa, FL
SAT, APR 22, 2023:
NRG STADIUM Houston, TX
FRI, APR 28, 2023:
MERCEDES-BENZ STADIUM Atlanta, GA
SAT, APR 29, 2023:
MERCEDES-BENZ STADIUM Atlanta, GA
SAT, MAY 6, 2023:
NISSAN STADIUM Nashville, TN
FRI, MAY 12, 2023:
LINCOLN FINANCIAL FIELD Philadelphia, PA
SAT, MAY 13, 2023:
LINCOLN FINANCIAL FIELD Philadelphia, PA
FRI, MAY 19, 2023:
GILLETTE STADIUM Foxborough, MA
SAT, MAY 20, 2023:
GILLETTE STADIUM Foxborough, MA
FRI, MAY 26, 2023:
METLIFE STADIUM East Rutherford, NJ
SAT, MAY 27, 2023:
METLIFE STADIUM East Rutherford, NJ
FRI, JUN 2, 2023:
SOLDIER FIELD Chicago, IL
SAT, JUN 3, 2023:
SOLDIER FIELD Chicago, IL
SAT, JUN 10, 2023:
FORD FIELD Detroit, MI
SAT, JUN 17, 2023:
ACRISURE STADIUM Pittsburgh, PA
SAT, JUN 24, 2023:
U.S. BANK STADIUM Minneapolis, MN
SAT, JUL 1, 2023:
PAYCOR STADIUM Cincinnati, OH
SAT, JUL 8, 2023:
GEHA FIELD AT ARROWHEAD STADIUM Kansas City, MO
SAT, JUL 15, 2023:
EMPOWER FIELD AT MILE HIGH Denver, CO
SAT, JUL 22, 2023:
LUMEN FIELD Seattle, WA
SAT, JUL 29, 2023:
LEVI'S® STADIUM Santa Clara, CA
FRI, AUG 4, 2023:
SOFI STADIUM Los Angeles, CA
SAT, AUG 5, 2023:
SOFI STADIUM Los Angeles, CA
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5%, led by a 17% increase in average ticket and a slight decline in traffic. Growth in the quarter reflected the impact of households stocking up on essentials like paper goods and cleaning supplies as the pandemic became a nationwide concern, along with strength in discretionary categories as the quarter came to a close and stimulus dollars and tax refunds were disbursed.
FashionAs shown below, the results in the quarter materially changed the trend in two-year stacked comps for each of the banners, along with a significant acceleration for consolidated comps.
The increase in consolidated comps was the primary driver of an 8% increase in revenues to $6.3 billion. The company ended the quarter with 15,370 locations, up less than 1% year-over-year. This reflects a 7% increase in Dollar Tree units, offset by a 4% decline in Family Dollar units.
The top-line results at each banner flowed through to their respective income statements, with Dollar Tree gross margins and operating margins declining year-over-year while Family Dollar gross margins and operating margins expanded year-over-year. On a consolidated basis, gross margins contracted by 120 basis points in the quarter to 28.5%, reflective of a shift to lower-margin consumables, tariff costs and the impact of markdowns from the Easter headwinds at the Dollar Tree banner. The company saw slight operating leverage on SG&A from higher comps, with the net result being an 80 basis point contraction in operating margins to 5.8%, with operating income declining 5% to $366 million. This is not adjusted for $73 million of pandemic-related costs, such as PPE supplies.
In the first quarter, the company opened 85 stores (net of closures) and completed 220 Family Dollar renovations to the H2 format. Importantly, comps at renovated Family Dollar stores continue to outpace the chain average by more than 10%. On the call, management indicated that they plan on reducing both the number of new store openings (from 550 to 500) and the number of H2 renovations (from 1,250 to 750) in 2020.
Personally, given the fact that Family Dollar is seeing material benefits to its business from the pandemic with new or lapsed customers coming into its stores, I think the company should try to get more aggressive with its renovation plans, not less. On the other hand, you could argue that renovations cause short-term disruptions and limit their ability to fully capitalize on the business momentum they are currently experiencing.
As a result of fewer new stores and remodels, management now expects 2020 capital expenditures to total $1.0 billion compared to previous guidance of $1.2 billion. In addition, the company has temporarily suspended share repurchases. At quarter's end, the company had $1.8 billion in cash on its balance sheet compared to $4.3 billion in total debt.
Conclusion
In recent years, Dollar Tree has been a tale of two cities. While its namesake banner has generally delivered impressive financial results, Family Dollar has been a persistent underperformer. This quarter, those results flipped, and given what we've seen in the weeks since quarter's end, there's a decent possibility that we will see something similar in the coming months. As the CEO noted, the second quarter is off to a very good start at Family Dollar.
Here's the important question: how useful is that information is in terms of making future predictions about the business? Will recent success at Family Dollar translate into long-term success for the banner? The optimistic take is that new or lapsed customers, especially those visiting the renovated stores, could become recurring business for the banner. The pessimistic take is that they have experienced short-term success out of necessity as people went to any store that was open to try and find essentials like toilet paper and hand sanitizer that were largely out of stock throughout the retail landscape. From that view, many of these customers could abandon the retailer when life returns to normal. As Philbin noted on the conference call, early on [during the pandemic], folks needed us. Will people still shop as much at Family Dollar when it's no longer a necessity?
Personally, I do not place too much weight on the recent results. I will need to see incremental data points that indicate that Family Dollar has truly won sustained business from these new customers. While I still believe that the Dollar Tree banner is a well-positioned retailer with attractive unit returns, I'm not yet willing to say the same thing for Family Dollar. For that reason, along with the recent run-up in the stock price, I plan on staying on the sidelines for now.
Disclosure: None
Read more here:
Under Armour: A Tough Start to 2020
Walmart: Continued Omni-Channel Progress
Match: An Impressive Start to 2020
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