11/4/2021

speaker
Kabi Loma
Chief Executive Officer

With intent, I've dialed that back, you know, and I want to see where this shakes out here in the coming quarter. But we're remodeling stores today, we're remodeling stores next month, and we're going to continue to invest in our stores next year. But at this point, we thought it prudent to return the capital to shareholders, knowing what we had in the bank.

speaker
Don Hollander
Analyst at CAG

Thank you. Just a final follow-up on that. How many stores are you intending to remodel during 2022? Okay.

speaker
Kabi Loma
Chief Executive Officer

That hasn't been defined yet, Don. We continue to look at the environment, and when we look at product costs and product availability, not just tile, but everything that goes into a remodel, that will help us define going into our budgeting season here. But it's definitely one of our strategic objectives here in 2022 to continue to refresh in our stores. Listen, our chain looks good. We're pretty happy with our chain. This stuff doesn't spoil or look bad. What we do, we're strategic when we do a remodel and why we do it. So I'm pretty confident in how we look today and what we're going to be doing in Q4 and in 2022.

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