corey tarlowe is going to join us to tell us what is happening there.et. i know maybe it was expected that target would bring its forecast down a little bit. but still, who cares about the quarter that happened? we only care about the quarter that is coming. corey: i would say there are three key points i would make. the first would be on sales, second on margin, third on outlook. on sales we saw comps decline about 5%. the street had expected there to be 3.7% comp decline. it was worse than expected. but the kicker is that margins were better. the gross margin came in at 27%. the historical averages close to, if you go back the last 10 years, 29 to 30%. i know you like to look at stocks on a more longer-term basis. there is an opportunity to get in line with we've seen historically. just on the outlook, the outlook was lowered by 10%, mainly due to a consumer that has been may be overall a little resilient. but we are starting to see some signs of a little bit of hesitancy, and on the back of what we are likely to see is a pullback due to student loans