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: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: I know it's still in flux, but I was hoping, is there any range or any help you can give us with the CapEx number and the store openings per year? Is
it just too difficult to narrow at this point?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Okay. And I think it's already clear, but many of your colleagues and peer companies are announcing new efficiency initiatives, perhaps headcount
reductions, is that in the cards for Dollarama?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Okay. I know it's a really small business, but maybe your thoughts on online and what you're seeing there?
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APRIL 01, 2020 / 2:30PM, DOL.TO - Q4 2020 Dollarama Inc Earnings Call
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Michael, in your commentary, you -- throughout the couple of percentages, the 50% and the 75%. I just want to make sure -- could you go through
that again? I just want to make sure I understand what those percentages represent.
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Yes. You talked about the malls, the stores in the malls, et cetera.
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Neil, you're talking about the bulk of the 54.
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Okay. And then, Michael, one thing you said confused me. So you said as a result, the comp will be negative in the first fiscal quarter. But the stores
that are being closed, they will be excluded from the comp calculation, won't they?
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Okay. And then my question is, how are you treating the stores that are closed in Qu+¬bec in terms of the comp calculation? Like are they taken
out of the comp for just the close period or the full quarter or how you're seeing them?
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Okay. The other thing, can -- I believe Easter is April 12 this year. Neil, can you talk a little bit about, like, typically, which weeks leading into April
12 are the Easter selling season or the Easter selling weeks? And can you talk about how that is shaping up? I would assume that Easter is way down
Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst
: Yes. Okay. And then lastly, Michael, can you make any commentary regarding the dividend? Like I assume that it's the company's intention to
maintain the dividend, barring something dramatic happening. But what about -- what's your attitude towards the typical dividend increases?
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Actually, I had a number of questions. They've all been asked and answered. But I just wanted to get one simple clarification on Peter's first question.
The 50% down traffic in the -- in those mall stores, is that -- are you talking about the period there? Is that quarter-to-date? I just want to know the
duration.
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. So approximately 50% decline in traffic for just a week so far. Yes.
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Since last week. Fair enough. Okay, good. I'm glad I asked because I thought it might have been quarter to date. And thank you so much for all the
incremental information and good luck.
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