Michael Burry has continued his crusade against Nvidia and the broader AI boom, even after the chipmaker's bosses reported blowout earnings and responded to two of his chief concerns. Nvidia told investors not to worryNvidia's record revenue and profit last quarter, and its bullish fourth-quarter growth forecast, sent its stock up 5% in premarket trading on Thursday as investors brushed off Burry's warnings that AI stocks are in a bubble that's bound to burst.The company's finance chief, Colette Kress, sai ...

Financial Data and Key Metrics Changes - Total revenues increased by 35% to COP 17 billion, with EBITDA rising over 12% to COP 705 million [6][8] - Cash flow generated by operating activities reached COP 1.1 billion, a 49% increase year over year [6] - Same store sales grew by 13.5%, indicating strong performance in existing locations [6][8] Business Line Data and Key Metrics Changes - The company opened 117 net new stores, bringing the total to 2,889 stores, compared to 94 stores opened in the same quarter last year [6][7] - The total number of stores opened in the last twelve months increased to 507 from 416, reflecting a growth of roughly 100 stores [7] Market Data and Key Metrics Changes - The company continues to be one of the fastest-growing retailers globally, with same store sales growth significantly outpacing competitors [8][9] - The gap in same store sales performance compared to Antad is notable and increasing, indicating a competitive advantage [9] Company Strategy and Development Direction - The company emphasizes a robust business model that is resilient and focuses on increasing market share through consistent execution and attractive value propositions [14][106] - Investments in talent and technology are prioritized to support future growth, with a focus on operational efficiency and logistics [11][27][29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging consumer environment but believes the company's value proposition will continue to attract customers [80][81] - The company is well-positioned to benefit from economic pressures, as its offerings are essential goods that consumers are less likely to cut back on [80][82] Other Important Information - The company maintains a net cash position of approximately COP 1.6 billion, with additional cash in U.S. dollars [6] - Share-based compensation is viewed as a high-return investment, driving growth and maintaining a strong entrepreneurial spirit within the company [95][96] Q&A Session Summary Question: How should the company think about investments in talent and distribution centers? - Management emphasizes that investments are made with a focus on return, and increasing talent density is seen as a competitive advantage [18][20] Question: Can you comment on sales expenses and their impact on margins? - Management explains that sales expenses are expected to increase due to the pace of store openings, but leverage is still seen at the unit level [34][36] Question: What are the dynamics behind gross margin in the first quarter? - Management states that gross margin remains stable, driven by scaling and the benefits of both commercial and private label products [46] Question: How does the company view its relationship with suppliers amid current economic conditions? - Management indicates strong relationships with suppliers and a long-term planning approach to ensure efficiency and supply [87][88] Question: What is the company's perspective on stock-based compensation and potential dilution? - Management defends stock-based compensation as a necessary investment for growth, clarifying that it is a non-cash expense [95][102]

Financial Data and Key Metrics Changes - Total revenues increased by 35% to COP 17 billion, with EBITDA rising over 12% to COP 705 million [5][7] - Cash flow from operating activities reached COP 1.1 billion, a 49% year-over-year increase [5] - Same store sales grew by 13.5%, indicating strong performance in existing locations [5][7] Business Line Data and Key Metrics Changes - The company opened 117 net new stores, bringing the total to 2,889 stores, compared to 94 stores opened in the same quarter last year [5][6] - The total number of stores opened in the last twelve months increased to 507 from 416, reflecting a significant acceleration in growth [6] Market Data and Key Metrics Changes - The company continues to be one of the fastest-growing retailers globally, with same store sales growth significantly outpacing competitors [7] - The gap between the company's same store sales and Antad's performance is notable and increasing [7] Company Strategy and Development Direction - The company emphasizes a robust business model that is resilient and focused on increasing market share through consistent execution and attractive value propositions [4][13] - Investments are being made in talent and technology to support future growth, with a focus on operational efficiency and logistics [9][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging consumer environment but believes the company's value proposition will continue to attract customers [78] - The company is well-prepared for potential impacts from changes in labor regulations and trade agreements, indicating resilience in its business model [60][79] Other Important Information - The company maintains a net cash position of approximately COP 1.6 billion, with additional cash in U.S. dollars [5] - Share-based compensation is viewed as a critical investment for attracting and retaining talent, despite concerns about potential dilution [95][96] Q&A Session Summary Question: How should the company think about investments in talent and distribution centers? - Management emphasizes that investments are made with a focus on return, and increasing talent density is seen as a competitive advantage [17][18] Question: Can you comment on the timing of sales expenses and growth investments? - The company is increasing the pace of store openings, which impacts sales expenses, but expects to see leverage on older stores [33][35] Question: What are the dynamics behind gross margin and customer environment? - Management states that gross margin dynamics remain stable, driven by scaling, and the company does not see pressure to drop prices [45][46] Question: How is the company managing supplier relationships amid current economic conditions? - The company maintains strong relationships with suppliers and plans for long-term efficiency, ensuring stability in supply and pricing [86][87] Question: What is the outlook on stock-based compensation and potential dilution? - Management views stock-based compensation as a high-return investment and has provided clarity on dilution expectations [95][97] Question: How does the company plan to address potential impacts from labor regulations? - The company is prepared to adapt to changes in labor regulations and believes that increased sales will help stabilize labor costs as a percentage of sales [60][78]