The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mauricio Serna - UBS Securities LLC - Analyst
: Hi. Good morning, and thanks for taking my questions. Maybe if you could elaborate a little bit more on the comp sales trend throughout the
quarter. It seems that things accelerated in April, so maybe if you could elaborate on that. And also, and what does that imply about May, considering
that you say like it's roughly in line with the overall Q1?
And then second, maybe if you could talk more about the impact of the Rubino acquisition in Canada. I mean, I would assume that would impact,
in a way, your top-line expectations, so maybe you could give us a sense of -- I mean, you mentioned the number of stores, but maybe like from a
dollar perspective, just for us to get a sense of like how much that is impacting the Canada retail expectations? Thank you.
Question: Mauricio Serna - UBS Securities LLC - Analyst
: Got it. Super helpful. And then just a quick follow-up. On the SG&A, maybe could you provide a little bit more detail on why the acceleration -- I
mean, high single-digit increase. Just trying to understand like if there's anything in particular, maybe is it related to timing or with the calendar
shift. But, yes, any additional detail on SG&A acceleration would be very helpful as we model the next few quarters. Thank you.
Question: Mauricio Serna - UBS Securities LLC - Analyst
: Understood. Very helpful. Thank you so much.
Question: Mauricio Serna - UBS Securities LLC - Analyst
: Great. Thanks. If I could just squeeze one in. If you could talk about maybe what you're seeing on the promotional environment on the US retail
business. I know you called out primarily the growth margin expansion that's coming from brand's portfolio. But maybe if you could talk about
what you're seeing in the US retail, that would be very helpful. Thank you.
Question: Mauricio Serna - UBS Securities LLC - Analyst
: All right. Thank you so much.
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