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, could you give us a sense as to how your sales are tracking through the first six weeks of the new fiscal year?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Yes, thanks, Richard. That's helpful. It sounds like in last quarter, you had kind of pointed to the excess or higher warehousing costs being incurred
for -- through the first half of fiscal '24. And it sounds like you'd still expect to kind of work through the excess inventories by the end of Q2. Is that
fair?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay, great. Thanks, Antoine. And then, Antoine, just asking -- turning EBITDA margins, it moderated further to 13.0%. Does that mark the low of
the sort of go-forward business, or would you expect that to continue to trend lower for another quarter or two before inflecting higher again?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay. And for a full-year '24, Antoine, do you have a sense as to what sort of margin you would expect on a full-year basis?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay. Fair enough. And just a last question I had, I noticed in prior years, the company tended to announce a dividend increase with the fourth-quarter
results. Richard, is there a reason this year the Board held off?
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Okay, fair enough. That's all I had. I'll turn it over. Thanks.
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JANUARY 18, 2024 / 7:30PM, RCH.TO - Q4 2023 Richelieu Hardware Ltd Earnings Call
Question: Hamir Patel - CIBC Capital Markets - Analyst
: Thank you for taking my question. Hey, everybody.
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