【when does bandai namco charge for preorders】'Will and Grace' Actress Shelley Morrison Passed Away Sunday; Fans Devastated
Thewhen does bandai namco charge for preorders beloved 'maid,' Rosario Salazar, played by Shelley Morrison on 'Will and Grace' passed away Sunday. According to a report by Pop Culture , she suffered from heart failure after being ill in Cedars-Sinai Medical Center in Los Angeles, California. The character 'Rosario' played by Morrison was the witty and outgoing 'maid' who lived with 'Karen Walker' played by Megan Mullally . Fans of the show are left devastated. Many of them turned to social media to leave their condolences for the 'maid' everyone loved so much. Related: 'Will & Grace' Actress Shelley Morrison Dead at 83, Mourned By Co-Stars Shelley Morrison, Who Played Rosario On 'Will & Grace,' Dead At 83 Shelley Morrison Morrison joined the cast of 'Will and Grace' in 1999. Her character made an instant connection with Mullally's character, 'Karen Walker.' Because of this, she ended up appearing in a total of 68 episodes between 1999 and 2006. However, she was only supposed to be on the show for a short period of time. According to a statement by Morrison that her representative released to the public on Sunday after she passed away, Rosario was one of her favorite characters she played during her acting career. She said, "Rosario is one of my all-time favorite characters. She reminds me a lot of my own mother, who loved animals and children, but she would not suffer fools. It is very significant to me that we were able to show an older, Hispanic woman who is bright and smart and can hold her own." Many of her fans and fans of the show posted their thoughts and prayers about Morrison and for her family after finding out about her passing away. Eric McCormack, who played the character of 'Will Truman' on the show, had this to say on Twitter after learning about her death: "Shelley was a beautiful soul & a wonderful actor. Her work as Rosario, season after season, was as nuanced and real as it was hysterical. She will be missed by everyone at #WillAndGrace, she's a huge part of it. Sending so much love to Walter and Shelley's whole family." Debra Messing The character' Grace Adler' played by Debra Messing , shared her sorrow for Morrison's death and her condolences for her family's loss on Instagram on Sunday, She posted: "Oh, Shelley... what a loss. Our dear Rosario has passed on. Shelley had a career that spanned decades, but she will always be our dear Rosie. She was a kind soul with a huge heart and always had a smile on her face. All my love to Walter and the entire family. #shelleymorrison 😢" Megan Mullally and Shelley Morrison One Twitter user tweeted that Morrison was "perfection on 'Will and Grace.' RIP." Although she was a favorite on the show from 1999 to 2006, she was not brought back to play her favorite character during the remake of the show in the 2017-2018 season. The show will air one final time and wrap up , after its final episode in 2020. This time, the show will have run for 18 episodes only. It is only going to consist of three seasons in total. Morrison was very active on social media, even right up until she passed away suddenly from heart failure. She left one final message on social media before she tragically died, posting a heartfelt message to the US Rep of California, Eric Swalwell. Her message posted was the following: "Thank you for all that you do to represent us. Our family follows you daily. Blessings to you and your beautiful family." Everyone is so sorry for the sudden passing of Shelley Morrison. What do you think about this? Sound off with your thoughts on Morrison's untimely death and let everyone know what you think. View comments
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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.
As 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
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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.
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