Natalie Back's questions to Symbotic Inc (SYM) leadership • Q4 2024
Question
Natalie Back, on behalf of Andy Kaplowitz, asked for a bridge on gross margins for Q1, the potential for margin inflection during the year, and an update on European expansion, as well as whether the Walmex deal in a lower-cost geography was a one-time opportunity.
Answer
CFO Carol Hibbard explained that the Q1 gross margin guidance reflects a transitional period focused on quality deployments, with an expectation for margins to expand throughout the year. CEO Richard Cohen stated there were no new updates on Europe but emphasized that the Walmex deal proves the system's ROI extends beyond labor savings to areas like transportation, suggesting it is not a one-off opportunity.