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: Andrea Bonfa - Banca Akros - Analyst
: Hello. Good afternoon to everybody. I got three question essentially. One is I would like to (inaudible) understood correctly. Stefano, you mentioned
that the last few days were up 78% like-for-like and double digit for the full whole month of September. But if I do the average of 7% growth in
August and the, say, double digit in September, we get more than the 5% like-for-like growth that you mentioned, if I understood correctly. If you
can repeat those numbers, please.
And there's two other question. One is related with the treasury share, if your intention is to cancel them sooner or later. And the third one, an
update on Goldenpoint, if you may. Thank you very much.
Question: Daniele Alibrandi - Stifel, Nicolaus and Company, Incorporated - Analyst
: Yes, good afternoon. Thanks for taking my questions. I have three. The first one, if you can give us an idea of the gross margin trend for H2. Maybe
you mentioned something at the beginning of the call, but I was curious to know, given the strong current trends and the, say, savings on the cost
side that you can achieve, what can be in the cards for H2? And maybe if you can comment also on the EBITDA, given that you have mentioned
some, I'd say, unwinding of a headwind that you had in H1.
And the second question is on an update on your network. So network, if you can give us an update basically on what are the plan of store openings
by adding some granularity to US franchise for this year and next year. Remember that you commented last year in May quite extensively. So just
an update on where we are.
And final question, yeah, this is a boring question, but just to understand the tax, maybe if you can give us guidance for the tax rates for this year.
Thank you.
Question: Daniele Alibrandi - Stifel, Nicolaus and Company, Incorporated - Analyst
: Very clear. Thank you.
Question: Domenico Ghilotti - Equita SIM - Analyst
: Good afternoon. A follow up on the organic performance. If you can give us a sense of what is the price mix contribution on one side and the
volume on the other side in the first half. And how do you see the trend going forward in the second half.
And just a clarification on the cost side. So you were mentioning EUR2 million higher marketing costs. I wanted to check if this is first half. And how
are you planning for the second half? If I'm not wrong, rents were about mid-single digit up. So is this something that you are seeing moving in
the same direction?
And on the personnel, trying to elaborate on how much was really the one-off in order to understand what is the underlying trend. And maybe if
you have, say, the per capita. So what is the per capita growth? And what is, on the other hand, the increase in full-time equivalent, if any?
Question: Domenico Ghilotti - Equita SIM - Analyst
: You already answered. Okay, no it's been okay, fine. Thank you.
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