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: Hamir Patel - CIBC Capital Markets - Analyst
: Hi. Good afternoon. Richard, are you able to share how your year-over-year sales are tracking in Q3 to date for both manufacturers and retailers?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay. Thanks, Antoine. And Richard, that customer you mentioned that you lost in the US, is that -- that was a retailer customer?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Perfect. And all the figures that you ran through, I appreciate all that. Was that organic or is that kind of --
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay. That's very helpful. And then Richard, just turning to -- in Q2, you had a 0.7% organic decline. How much of that was weaker volumes, and
how much was maybe some price deflation? Because I know you highlighted pricing on products from Asia were down a bit.
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay, so the volumes are pretty stable year over year?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay. And then Richard, as you look out over the next 18 months, I know Asia is a small piece of your product mix, but are you seeing any signs of
perhaps upward price momentum? Because I think for most of your products, there hasn't been any price increases for some time.
Question: Hamir Patel - CIBC Capital Markets - Analyst
: And Richard, if you see price increases on the Europe and Asia products, are you getting a sign from your suppliers as to the scale of those increases
that they might be looking to realize?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay, fair enough. That's all I had for now. I'll get back in the queue. Thanks.
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JULY 11, 2024 / 6:30PM, RCH.TO - Q2 2024 Richelieu Hardware Ltd Earnings Call
Question: Zachary Evershed - National Bank Financial - Analyst
: Thank you. Congrats on the quarter, everyone.
Question: Zachary Evershed - National Bank Financial - Analyst
: In terms of the rationalization of the cost base that you guys are entertaining in Eastern Canada and Ontario, do you think you can give us a
breakdown of the cost savings that you're expecting, perhaps by bucket?
Question: Zachary Evershed - National Bank Financial - Analyst
: And those are annual numbers now quarterly, right?
Question: Zachary Evershed - National Bank Financial - Analyst
: Perfect. And then would you be able to quantify the dollar impact of the strike in Montreal or would it not be material?
Question: Zachary Evershed - National Bank Financial - Analyst
: That's helpful, thanks. And then my line did cut out for a moment, so apologies if this has already been asked, but have your expectations for margin
levels for 2024 changed at this point in time?
Question: Zachary Evershed - National Bank Financial - Analyst
: Thank you. Good color. That's it for me. I'll turn it over.
without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its
affiliated companies.
JULY 11, 2024 / 6:30PM, RCH.TO - Q2 2024 Richelieu Hardware Ltd Earnings Call
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