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: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Congratulations on a great quarter. Just had a couple of questions. Just maybe starting high level. Given the strength that you've seen over the
last 2 quarters and actually through the pandemic, how is your view of the market opportunity changed over the last sort of 6 months or 12 months?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Okay. That's great. And I guess, maybe ask a separate way -- different way, sorry. How many stores do you think you can have in the U.S.? Or is that
a target that is -- so far, you don't even think about the ceiling necessarily?
Question: Dylan Douglas Carden - William Blair & Company L.L.C., Research Division - Analyst
: Great. So I kind of perked up, I think you had mentioned that the Troy, Michigan store opened to sort of record performance. And I'm just curious
now talking about stores in sort of suburban Virginia. As you're in these markets that aren't sort of more of your classical downtown urban markets,
are you kind of seeing greater performance in suburban mall type locations. And thinking about some of the more recent openings and the
accelerated openings, is that -- can you just kind of give us a sense of what type of stores those will be or they will be kind of more of a mix like
your current portfolio?
Question: Dylan Douglas Carden - William Blair & Company L.L.C., Research Division - Analyst
: Okay. Fair. And then on the superworld.com, it's kind of a different strategy than you've taken with some of the other -- your other brands. I'm just
kind of curious if there's anything to comment on there. Just sort of what you might be testing or why you felt the need to kind of spin that off as
a separate online presence, if there's sort of laying the groundwork for maybe bigger growth.
Question: Dylan Douglas Carden - William Blair & Company L.L.C., Research Division - Analyst
: Got you. And the last one I had was just a point of clarification, maybe Todd or -- the guidance, I'm just curious what that reflects as per and excuse
the Yankee here not fully knowing what the restrictions are in Canada. But if the guidance kind of envisions or what kind of restrictions or store
limitations the guidance envision, I guess, maybe the way to ask it.
Question: Meaghen Annett - TD Securities Equity Research - Analyst
: Just going back to the potential for international expansion. Understandably, you are capitalizing on your success in the U.S. right now. But is
international something that we can expect an update on when you provide your midterm outlook? If you could just update us on when we can
expect you to communicate that outlook.
Question: Meaghen Annett - TD Securities Equity Research - Analyst
: Thank you. And just with regards to the SG&A outlook for Q4. Could you detail the main drivers behind that growth? And then going forward,
should we expect that rate of growth continue or perhaps for how long?
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