The company reported third-quarter results that met revenue expectations but revealed a year-over-year decline in sales and net income. Management cited cautious consumer spending and weakness in discretionary categories. A new CEO is leading a major $1 billion plan to remodel stores and invest in technology, including new AI-powered shopping experiences. While some see it as a contrarian opportunity, prominent market commentators have expressed pessimism, warning about ongoing profitability challenges and viewing its performance as an indicator of pressure on the average consumer.