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: Brian Morrison - TD Securities - Analyst
: Good morning. [Liam], can you please talk about consumer behaviour, what you've seen through the start of fiscal 2024? And just in terms of are
you continuing to see strong traffic and conversion being impacted by the macroeconomic environment? And maybe just elaborate on your
comments you expect to see headwinds through the first half of the year does that imply you should see strength in the second half?
Question: Brian Morrison - TD Securities - Analyst
: Okay. Thanks. Are you able to share I mean the active wear growth is quite impressive. Are you able to share what percentage of sales that makes
up at this point in time? Or is that too detailed at this point?
Question: Brian Morrison - TD Securities - Analyst
: Okay. And then in terms of inventory, obviously, I understand the sell-through has been very good. You have to replenish a certain to a certain
extent in certain brands. Can we expect with supply chain normalization that you're going to be running a pretty lean inventory despite the
replenishment that has taken place from from a permit on a going forward basis.
Question: Brian Morrison - TD Securities - Analyst
: Okay. And then while I've got you, the comment with respect to lease modifications, the change is that a permanent change? I understand SG&A
is going to grow in line with inflation. I think your comment was, but should we expect the change that occurred in the fourth quarter. Is that a
permanent impact upon your financial performance?
Question: Brian Morrison - TD Securities - Analyst
: Okay. And Megan, can you comment maybe on the size of the footprint right now. I see that we've had some store reductions over the past 12
months. Are we content with where we are or would you or will we be evaluating maybe a smaller footprint going forward?
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APRIL 10, 2024 / 12:00PM, ROOT.TO - Q4 2024 Roots Corp Earnings Call
Question: Brian Morrison - TD Securities - Analyst
: Okay. And international sales, are we able to say the percentage that comes from the US at this time? Or if it's if it's disclosed.
Question: Brian Morrison - TD Securities - Analyst
: And I guess last question, I will say that in a challenging year, I still think that what might be overlooked here is just how impressive and strong
your free cash flow performance was. Can you maybe just comment upon, did you renew your NCIB or with leverage down under one term pre-IFRS
16? Do you have any intention of being active with an NCIB or is your preference to repay debt at this point in time.
Question: Brian Morrison - TD Securities - Analyst
: All right. Thanks very much. Congratulations.
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