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: Ty Collin - CIBC World Markets - Analyst
: Hi, good afternoon. Thanks for the question, and congrats on the good results there. Maybe for my first one, just on the drinking water settlements.
Can you kind of comment maybe on the pace of that money coming in, in Q4 maybe compared to the previous few quarters? And how has that
kind of trended through Q1 so far?
Question: Ty Collin - CIBC World Markets - Analyst
: Okay. Got it. And then in terms of the -- that $23 billion Child and Family Service settlement, I know the claims window for that opened about a
month ago today. I'm just curious if you're hearing anything around that within your communities in terms of how that process is kind of working
so far. And then I guess in terms of your own kind of internal preparations, when are you assuming that, that money starts to roll in? And what are
your plans in terms of inventory positioning for that?
Question: Ty Collin - CIBC World Markets - Analyst
: Okay. Great. And if I could just --
Question: Ty Collin - CIBC World Markets - Analyst
: Okay. Understood. And then if I could just sneak in one more. You referred to some of the progress around your private label initiatives. Can you
maybe just talk a little bit more about how that's being rolled out in terms of initial product categories and I guess the number of stores that, that's
been implemented in so far? And how is the response from your customers been to date?
Question: Ty Collin - CIBC World Markets - Analyst
: Okay, thanks. I'll jump back in the queue.
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Thank you. Good afternoon guys.
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Just wanted to -- hey Dan, thanks. Just wanted to follow up, just with respect to the Canadian business, nice strong same-store sales growth. But
I guess I would have expected maybe a bit more strength in the general merchandise side, given some of the payments, water settlement payments
that have come through. So I'm just curious, are you seeing those incremental payments being redirected towards food versus general merchandise?
Or are you still seeing that incremental buyer on the GM side?
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APRIL 09, 2025 / 8:30PM, NWC.TO - Q4 2024 North West Company Inc Earnings Call
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Okay, yeah, that's great, And then maybe just turning to the Next 100, I know you gave some color that the benefits that you're seeing have
outweighed kind of the incremental investment as well as the onetime costs. Are you able to -- are you kind of in a position to give a number of
what that annualized EBIT might look like from Next 100 benefits, either maybe this year or next year?
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Okay. That's helpful. And I guess, based on your commentary -- yeah, I guess based on your commentary with respect to Q1, I mean, is it fair to
assume that Q1 sounds like maybe more of an investment period. You might not see the costs -- the benefits outweighing the cost in Q1, but
maybe that turns when you get to the back half of the year. Is that the way to interpret that?
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Yeah. Okay. Great. Thanks, Dan. And then maybe just one more question. Just turning back to general merchandise. The international business
was quite strong. I know you gave a number of factors that contributed to that. But was there anything that kind of stood out in the international
Question: Stephen MacLeod - BMO Capital Markets - Analyst
: Okay, That's great. Thanks, Daniel. I'll put it back to the line. I appreciate it.
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APRIL 09, 2025 / 8:30PM, NWC.TO - Q4 2024 North West Company Inc Earnings Call
Question: Ty Collin - CIBC World Markets - Analyst
: Hi, thanks for taking the follow up. I just wanted to ask a quick clarification, Dan, on your comments expecting maybe a bit of a moderating pace
of the growth in Q1. Were you referring to earnings? Or is that to the top line to same-store sales as well?
Question: Ty Collin - CIBC World Markets - Analyst
: Okay. Great. That's helpful. And then I'm also wondering, have you noticed any change in consumer sentiment or shopping behavior at all kind of
since the emergence of the tariff threats and volatility a month or so ago. Is there been any sort of a trade down or any impact to general merchandise
or more discretionary type of categories in the first few months of the year?
Question: Ty Collin - CIBC World Markets - Analyst
: Okay. Great, thanks.
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