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: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Just kind of I guess at a high level, I think when some of these COVID benefits started earlier in the year, I think the expectation was maybe to start
to moderate as we got into later in the year. And obviously, the pandemic has lasted longer as well. But are you finding sort of market share gains
or maybe some more semi-permanent change in shopping habits? How has the year evolved, I guess, compared to what you may have thought
a few months ago?
Question: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Okay. And then I guess on the topic of income you mentioned or it was mentioned earlier around some of the native -- the settlement payments
that are coming, which sound like they could be sizable. I guess is that something that could be a multi-quarter benefit? How are you expecting
that to sort of flow through?
Question: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Okay. And then on the 40,000 that have been settled, have those kind of been paid out or settled just in -- I'm just wondering if there's maybe a
little bit of benefit of that already starting to flow in?
Question: Sabahat Khan - RBC Capital Markets, Research Division - Analyst
: Okay. And then just last one on the international markets. I guess, is that stimulus expectation in the U.S., are you expecting that to sort of be, the
flow-through effect of that to help kind of the Caribbean? Or how are you thinking about just the international markets over the course of the next
few quarters?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: It's Steve from BMO Capital Markets. I just had a couple of questions here. Just as it relates to the Canadian business, it sounds like this -- and this
is a continuation from last quarter, but certainly, some of the tailwinds are going to extend into 2021.
And Alex, it sounds like you are sort of optimistic that it might extend even beyond that based on the market share gains that you've gotten. Is
there any way to quantify what you view as a sustainable sales growth level or profitability level, exiting the normalization of the pandemic impact?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Okay. That's great. When you turn to Alaska, is on balance, the outlook tilted towards positive or tilted towards negative or uncertain? I just want
to make sure I understand the different nuances.
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Okay. Great. And then maybe just finally, has e-commerce as a competitive threat elevated at all through the pandemic? Or is it still something
that -- or is that maybe the competitive landscape hasn't really changed much?
|