mary dillon is the new ceo she has been there two and a half months.e the tough environment, the expanding customer base was resilient. mary dillon from ulta would turn in fantastic numbers the street is looking at her with a keen eye with what she will do. we will talk with her coming up in the next hour run you through the guidance for the full year and fourth quarter. comp store sales for the year will be down 4% to 5%and down 6% to 8% for the fourth quarter. they were talking about strong demand and issues with inventory. sales down 4% for the full year. down 8% to 10% for the quarter the big news is they are raising full year guidance they are talking about earning a non-gap number of 4.42 to 4.50 for a year that accounts for the 16 cents beat the guidance they are giving is a little above the 16 cents beat you could expect stronger than the sprtreet expecting. mary dillon will join us liater this morning. >>> when we return, economic data showed signs of cooling inflation last month, but is main street feeling relief we will talk to cameron mitch

it's also gotten a new powerhouse ceo, mary dillon, who you just showed, and she came in with experienced a great track record of growth, so investors see an upside to that too >> looking brighter, at least. melissa, thank you barb, have you been able to read between the lines of some of these retail reports, either what it means for the consumers into next year or if any of these stocks look like opportunities? >> well, it is interesting there was a real bifurcation i mean, if you look at target versus walmart, i mean, walmart has the grocery segment, and a lot of people are shopping because of food prices so high target has other issues. they had inventory management execution and plus the macro concerns for their consumer so, i think it really goes by segment, and also, the execution issues you know, gap, for interest -- for instance, is a very interesting report there, but as she mentioned, there is no ceo they're not giving forward guidance they also drew down their cash that if you get rid of the building they sold, it would be negative cash. so -- and they've got a lot of discount

mary dillon at ulta, that was one of the best performances i've ever seen it's a really great get toave her at foot locker, and i think she's going to turn it around. it's been not inconsistent it's been bad. >> well, the turn around may already be under way >> very impressed with the quarter. >> when we come back, we're going to be talking about a leadership transition at visa. al kelly is bpassing the ceo baton. that will start in february. both of them will join us today. >>> we have a treat here today, david. this man has been at the helm of the country's largest credit card network since 2016, but al kelly will soon step down as ceo. long-time president, ryan mcinerney, set to take over the role on february 1st, and the two join us now. gentlemen, welcome >> great to be with you. >> al, terrific. ryan, congratulations. >> thanks, jim >> al, the numbers are quite extraordinary about what you have done. grew revenue by over 90%, market value over 130%. employee base, 40,000, probably because you've done so much business why now? i have to ask that, because you know i have been clo

increasing its fourth quarter and full year guidance it was the company's first report under new ceo mary dillon karen, you're a huge fan of hers >> i am. i'm a huge fan of foot locker. it opened $5 and ended up 2, 3 bucks but i thought it was a very good quarter. she talk about the cadence of the quarter, which like a lot of other retailers saw dropped off in october but it sounded like this quarter is going well. i thought she was sandbag it a little bit i think she talked about -- or the cfo talked about gross margins coming down, sg&a going up some of the initiatives she wanted to do they did not buy back stock. that didn't thrill me, but i give her a lot of rope to transform anything she likes if she can be remotely close to foot locker what he did at ulta. guy would say, is it better at $288 than yesterday? i think it is. guidance is kov. why not set the bar lower. >> i hadn't thought about the parallels between ulta and foot locker until you told me about them jeff mills, i wanted your take about foot locker being the seller of other brands and how successful she was in transforming ulta