Maisons du Monde France SA (OTCPK:MDOUF)
$ 4.33 0 (0%) Market Cap: 141.46 Mil Enterprise Value: 846.19 Mil PE Ratio: 0 PB Ratio: 0.23 GF Score: 74/100
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Full Year 2022 Maisons du Monde SA Guidance Call Transcript

May 27, 2022 / 05:30AM GMT
Release Date Price: $23.68
Operator

Good day, and thank you for standing by. Welcome to the Maisons du Monde S.A. Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions) I would now like to hand the conference over to your speaker today, Julie Walbaum, CEO. Please go ahead.

Julie Walbaum
Maisons du Monde S.A. - CEO & Director

Thank you. Good morning to all of you, and thank you for joining this call on such short notice. You have no doubts in the press release we issued yesterday evening.

As you are all very much aware, this year proves more challenging than expected. You might remember that the guidance we confirmed at the beginning of May was conditioned to the stabilization or improvement of the macroeconomic and supply chain conditions. However, those conditions have materially worsened over the last few weeks, and we now expect our second quarter to be high single-digit negative. And more broadly, our previous assumptions need to be updated.

Inflation in Europe is now exceeding 5%, an

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