Compass Diversified (NYSE:CODI) Q4 2022 Earnings Call Transcript

Inventory is not necessarily 100% salon-dependent. And then as it relates to the number of stores, I mentioned a couple this year that we’re targeting, there may be one more. And then we need to digest those, think through it and probably have something that looks similar in 2024. But remember, we need to sort of build out kind of a lot of the talent that it takes to work and to manage those salons as well. And that’s not — that takes time as well. These are highly-skilled people that it takes time to develop.

Barry Haimes: And the number of ultimate locations, any feel for that?

Pat Maciariello: This year or next year?

Barry Haimes: Just yes — how many?

Pat Maciariello: I have no — and it’s not a we could have a location that does one location that does a massive amount of revenue based on where it was. So it’s not it’s almost not the right question to ask, respectfully. It’s more about sort of what markets can we penetrate as far as gaining new customers in.

Barry Haimes: Got it. Thanks. That’s very helpful color. Appreciate it.

Pat Maciariello: Thank you.

Operator: There are no further questions at this time. I would now like to turn the conference back over to Mr. Elias. Sir?

Elias Sabo: Thank you, operator. As always, I’d like to thank everyone again for joining us on today’s call and for your continued interest in CODI. Thank you for your support. That concludes our call.

Operator: This concludes Compass Diversified conference call. Thank you, and have a great day.