And when you give us total company, that is not local currency but U.S. dollar comps for -- as they’re impacted by Canada?
Carol B. Tome
That is the total company comps in U.S. dollars reflecting exchange rate impacts, yes.
Matthew Fassler - Goldman Sachs & Co.
Okay, good.
Francis Blake
And Craig, do you want to comment on the holiday season?
Craig Menear
Yes, overall on the holiday season, we were pretty pleased, Matt, with the overall performance when we looked at where we gained share, hand tools, power tools, holiday, decorating. You know, we felt pretty good about the end result. It was a tough environment, obviously, in the market but at the same time, we gained share and we came out as clean as we have ever come out, so we feel pretty positive about it.
Matthew Fassler - Goldman Sachs & Co.
Got you, and then one quick follow-up -- you talked about Florida and California showing smaller declines. We’ve heard that from different companies at different times over the past two years, so I guess how consistently have you seen the comp decline moderation in those markets?
Francis Blake
So it’s been pretty consistent for the last few quarters, Matt, that California and Florida are -- the rate of comp decline is improving.
Matthew Fassler - Goldman Sachs & Co.
And how do they compare to total company level?
Carol B. Tome
Just a data point -- if you look at -- and this is what we reported, you know, we reported negative comp of 13%. If you back out California and Florida, the comp would have been negative 13.5%.
Matthew Fassler - Goldman Sachs & Co.
Got you. Okay, thank you so much.
Operator |