Question-and-Answer Session
Operator
Thank you. (Operator instructions) And we’ll take our first question from Mitch Kaiser from Piper Jaffray.
Mitch Kaiser – Piper Jaffray
Thanks, guys. Good morning. On the store openings, I think pre-opening is about 200,000, is that right, Don?
Don Van der Wiel
On average you are correct. I think what you will see is that it tends to vary and it does vary depending on the size of the market. So for example entering our large Greenfield market such as Orlando, geographically are further away from our store base than they on existing small markets such as the Birmingham. We are going to see higher pre-opening expenses for those large Greenfield markets. Conversely smaller non-Greenfield markets, existing markets, backfill markets will pass on considerably smaller pre-opening expenses, but on average 200,000 is still a very reasonable estimate.
Mitch Kaiser – Piper Jaffray
Okay, and sorry if I missed it. Did you say the number of stores you expect to open in Q2 because I know you’ve only opened one last second quarter?
Dennis May
We will open that. Q2 is going to be a very active quarter for us, pretty active quarter for us, Mitch. We’ve quite a – yes, a total of four in second quarter. So as you think about as we roll through that quarter before for the second quarter for us, in addition to that, Mitch, the other comment I would make is the Florida market for us – we actually opened six quarter prior to Thanksgiving in the Florida market (inaudible) obviously being in the third quarter.
Mitch Kaiser – Piper Jaffray
Okay. And I know you mentioned the commentary about the inventory productivity and the feeling that it’s going to be in better shape in the second quarter – at the end of the second quarter, how would you categorize where you might see more inventory, is it in appliances or in video or how should we be thinking about that or is it specific to one region?
Dennis May
It really is more across the board, Mitch. The comment I would make there, we are an industry-leading retailer in our sector in inventory productivity. We always pride ourselves on best in class in this metric. So, we’ve already really gotten our arms around this very quickly, we’ve made significant progress even since the end of the quarter, so we feel very good about the progress we are making. There is really no particular area, maybe it you might say a little more in video, but as we sit here today, we feel very good about the progress we’ve made and solid productivity moving forward.
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