RE:RE:RE:RE:A Statistical Outlook for Q1 of 2023nozzpack wrote: Inventory is specifically stated to be " for the Spring Sales Season " which is Q1 and Q2
From the MD&A
"inventories are higher primarily due to the normal build-up for the spring selling season and a higher average merchandise purchase cost; " That may
That may explain the jump from $119 million last year to $142 million now.
But it could also mean some things aren't selling. Last year the Inventories were $119 million at this time so I can understand the extra inventory for the spring as sales are up but total revs last year in the first quarter were $153 million. I can't see needing $138 million at cost inventory for one quarter were revs will be similar to our cost of goods.
They are also commited to buying $144.6 million in the next year according to sedar,
"2 Includes amounts pertaining to agreements to purchase goods or services that are enforceable and legally binding on the Company"