First Quarter Conference Call May 9, 2013 - Dorel Industries
First Quarter Conference Call May 9, 2013 - Dorel Industries
First Quarter Conference Call May 9, 2013 - Dorel Industries
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FINAL TRANSCRIPT<br />
<strong>May</strong> 9, <strong>2013</strong> – 01:00 p.m. E.T.<br />
<strong>Dorel</strong> <strong>Industries</strong> <strong>First</strong> <strong>Quarter</strong> Results<br />
Jeffrey Schwartz<br />
Well, we expect inventories in the Recreation to go down as you get towards the month of<br />
June. There's no question about that. But that's also the time that Home Furnishing raises its<br />
inventory because back to school is a big season, and that starts July shipping. So I'm not sure the<br />
net effect of all of that together. Yeah. I mean, in the past we've actually gone up. In the past we've<br />
gone up in June.<br />
Leon Aghazarian<br />
Yeah.<br />
Jeffrey Schwartz<br />
I'm not sure we're going to go up as much because I think we'll be drawing down the bike<br />
inventory more than we normally do. So a little difficult to predict. I wouldn't… I wouldn't expect<br />
much of a drawdown, but it's going to transfer over to back‐to‐school goods.<br />
Leon Aghazarian<br />
Okay. That's helpful. And a final one from me. I guess to follow up to a previous question<br />
as well, regarding for the Juvenile, for a better sales mix, you were mentioning, you know, resulting<br />
in an increase in the gross profit. Can you be a bit more… can you give us a bit more colour on that?<br />
Were they higher price‐point products? Were they new products that you saw that you had success<br />
with, or at a given retailer, or just a bit more colour on that, please?<br />
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