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
: Patrick, just wondering what your initial observations are as you enter Dollarama, versus what you thought and what it actually is like and if there's
any incremental changes that we should expect in the finance function as a result of your hire?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Okay. And maybe just talking about the shrink here. How is that trending? And what can management do to control that line a bit better?
Question: Vishal Shreedhar - National Bank Financial, Inc., Research Division - Analyst
: Are you able to expand on what some of those initiatives may be or?
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APRIL 04, 2024 / 2:30PM, DOL.TO - Q4 2024 Dollarama Inc Earnings Call
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: I just want to talk a little bit about what you're seeing in terms of production capacity coming out of Asia. And when you characterize product
prices in Asia, do you expect it to be flat or up or slightly down in fiscal '25?
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. On the last call, Neil, you mentioned consumables in North America is kind of a challenging -- a tough backdrop. Just wondering if you can
talk a little bit about -- presumably that's still the case, but any chance you can see lower North American vendor prices you think in fiscal '25?
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APRIL 04, 2024 / 2:30PM, DOL.TO - Q4 2024 Dollarama Inc Earnings Call
Question: George Doumet - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. And just a quick clarification to Chris's earlier question. Should we expect perhaps like a low single-digit -- flat to low single-digit decline in
the basket as well for fiscal '25?
Question: Luke Hannan - Canaccord Genuity Corp., Research Division - Analyst
: I just wanted to get your thoughts on the overall competitive environment here in Canada and specifically on pricing, what you're seeing from
competitors as it relates to your own assortments? Are folks leaning a little bit more into price than others in certain categories or just what you're
seeing there?
Question: Luke Hannan - Canaccord Genuity Corp., Research Division - Analyst
: Okay. Got it. And when it comes to your freight contracts, I believe you're in the process through Q4 and Q1 to date in negotiating those. Are those
largely done at this point? And if so, I'm assuming that's all been reflected in the guidance as well?
Question: Luke Hannan - Canaccord Genuity Corp., Research Division - Analyst
: Okay. Last one for me, and then I'll pass the line. On the Dollarcity founding group, I believe they do have put rights to sell the remaining stake in
the business to Dollarama. Can you remind us how is the fair market value of those shares determined? Is that going to be the 5x EBITDA that you
originally paid? Or is there going to be another mechanism or some other factor to consider there?
Question: Luke Hannan - Canaccord Genuity Corp., Research Division - Analyst
: Okay. And if I can push a little bit further on that, how is -- what constitutes fair market value?
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APRIL 04, 2024 / 2:30PM, DOL.TO - Q4 2024 Dollarama Inc Earnings Call
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