Q1 2024 Pepco Group NV Trading Statement Call Transcript - Thomson StreetEvents

Q1 2024 Pepco Group NV Trading Statement Call Transcript

Q1 2024 Pepco Group NV Trading Statement Call Transcript - Thomson StreetEvents
Q1 2024 Pepco Group NV Trading Statement Call Transcript
Published Jan 18, 2024
7 pages (3925 words) — Published Jan 18, 2024
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of PCOP.WA sales update conference call or presentation 18-Jan-24 8:30am GMT

  
Brief Excerpt:

...Okay. Good morning, everyone. It's Andy Bond, Executive Chair of Pepco here. Welcome and also welcome to Neil Galloway, our CFO, who's joining separately from me, who will be here to help answer any questions. This will be a short commentary from myself, focusing primarily on sales in quarter one. We don't tend to report on profit on a quarterly basis, but we'll give you a few comments on things like gross margins and then we'll take Q&A after I've made my comments. Look, perhaps slightly out of the norm, I'm not going to immediately dive into the detail in numbers. I'd just like to reflect back on what we said at the Capital Markets Day, was the focus for the business going forward. And so I'll just make a few comments there a reminder of the things that we thought were challenges within the business when we spoke in October. We felt we'd lost focus on the core business, expanding too rapidly, doing too much, and executing poorly, both across our core estate and our growth areas. And what...

  
Report Type:

Transcript

Source:
Company:
Pepco Group NV
Ticker
PCOP.WA
Time
8:30am GMT
Format:
PDF Adobe Acrobat
Buy Now

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: Henrik Herbst - Morgan Stanley - Analyst : Hi. Thanks so much. I just had a question on the disruptions in the Red Sea. If you could maybe talk about what type of surcharges you're seeing? And to what extent your -- I guess, your contracting starting -- or at some point, we'll need to contract freights or shipping for beyond Q3? Or what type of rates compared to what you're seeing there? Would you need to do that at? Thank you.


Question: James Anstead - Barclays - Analyst : Good morning, Andy. I just have some questions. Firstly, I think in the press release, you highlighted your performance in Poundland clothing, which I think as I understand, it's partly due to some changes as a result of the sourcing and some disruption at Dealz, general merchandise because of the change in sourcing there. I mean how quickly do you think those issues will be remedied is one question? And then just a follow-up on Poland and appreciating you're not going to comment on current trading. But for the people sitting a bit further away than Poland, can you just remind us what has happened since the start of the year in terms of child benefits, et cetera? And how quickly do you think that might be through to sales trends? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 18, 2024 / 8:30AM, PCOP.WA - Q1 2024 Pepco Group NV Trading Statement Call


Question: James Anstead - Barclays - Analyst : That's very helpful. One quick clarification on the first point about the Poundland clothing. So just to be a 100% clear, I mean, clearly, you need to make sure people kind of get the new range and like it and et cetera. But my impression from the statement was that there was an element of, let's say, operational disruption as well in the first (technical difficulty)


Question: Oleksiy Soroka - ING - Analyst : Yes. Apologies. I hope you can hear me now. And apologies if I missed the comment. I was going to ask about the current trade in, which you didn't comment previously with regards to January, but perhaps you can talk about December how it played out in your performance.

Table Of Contents

Q1 2025 Pepco Group NV Trading Statement Call Transcript – 2025-01-18 – US$ 54.00 – Edited Transcript of PCOP.WA sales update conference call or presentation 18-Jan-25 8:30am GMT

Q3 2024 Pepco Group NV Trading Statement Call Transcript – 2024-07-11 – US$ 54.00 – Edited Transcript of PCOP.WA sales update conference call or presentation 11-Jul-24 7:30am GMT

Half Year 2024 Pepco Group NV Earnings Call Transcript – 2024-05-23 – US$ 54.00 – Edited Transcript of PCOP.WA earnings conference call or presentation 23-May-24 3:30pm GMT

Q2 2024 Pepco Group NV Trading Statement Call Transcript – 2024-04-11 – US$ 54.00 – Edited Transcript of PCOP.WA sales update conference call or presentation 11-Apr-24 7:30am GMT

Pepco Group NV Annual Shareholders Meeting Transcript – 2024-03-15 – US$ 54.00 – Edited Transcript of PCOP.WA shareholder or annual meeting 15-Mar-24 12:00pm GMT

More from Thomson StreetEvents

Thomson StreetEvents—Thomson StreetEvents is a leading provider of Web-based solutions for the investment community, offering services that transform the way companies communicate and meet disclosure requirements while assisting investors in managing and leveraging this information. Thomson StreetEvents service offers institutional investors a one-stop solution for managing corporate disclosure information by aggregating conference calls, webcasts, transcripts, call summaries, and other financial information into a time-saving, efficiency tool.
Purchase Thomson StreetEvents' Transcripts (verbatim reports) and Briefs (call summaries) of earnings, guidance, M&A and other corporate calls directly through Alacra. Discounted prices apply to reports produced over two weeks ago.

About the Author


Cite this Report

  
MLA:
Thomson StreetEvents. "Q1 2024 Pepco Group NV Trading Statement Call Transcript" Jan 18, 2024. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Pepco-Group-NV-Trading-Statement-Call-T16130098>
  
APA:
Thomson StreetEvents. (2024). Q1 2024 Pepco Group NV Trading Statement Call Transcript Jan 18, 2024. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2024-Pepco-Group-NV-Trading-Statement-Call-T16130098>
  
US$ 54.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.