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
: Can you update us on the Dollarcity founder put rights? And if they've indicated anything about their intentions? And in terms of capital outlay,
do you have any comments on how investors should think about that?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Okay. And the transformational initiatives referenced in the outlook. Can you provide some color on what that relates to?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Right. Okay. And with respect to -- jumping back to Dollarcity, the earnings growth was very strong. Were there any transient items in there that
we should be aware of? And should we just reflect -- I understand you gave some hint that Peru is still scaling. But should we reflect that kind of
cadence looking forward to -- look towards 2023 -- fiscal '23?
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Firstly, in your guidance, you provided the assumptions that you're making that support that particular guidance. And one of the things you talked
about is an approximate 3-month visibility on open orders and product margins. And I'm just curious about whether or not historically 3 months
is the visibility that you normally have had? Or is this slightly different than normal times?
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And then secondly, I just want to clarify. With respect to the seventh warehouse that you'll be opening towards the end of fiscal '23, am I
right in assuming that, that seventh warehouse will provide -- will provide the full support that you will need for the 2,000 stores? In other words,
we won't be seeing any other incremental warehousing activity between now and 2031.
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MARCH 30, 2022 / 2:30PM, DOL.TO - Q4 2022 Dollarama Inc Earnings Call
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That makes sense, Neil. And then my final question, and maybe this is a little difficult to answer, but things are changing dramatically with
respect to COVID. It's something that we've been used for the last 2-plus years is all this volatility. And currently, you have Shanghai under lockdown.
I'm just wondering whether you foresee any kind of issues with your vendors if things continue along this way and whether that could have an
impact on trying to get products in the future? I know it's difficult to answer, but are you concerned about what's happening there in Shanghai
being under lockdown?
Question: Patricia A. Baker - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. That's very helpful, Neil. And then just sort of on that same topic. We're hearing a lot of retailers talking about diversifying their sourcing
away from Asia and particularly away from China. Can you just talk strategically or philosophically about what your view is on that and whether or
not you're actively seeking to diversify away from China in any way, shape or form?
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