you afternoon, everyone, us and Thanks, joining for Tamara. Good thank today.
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business, basis points lending a Flexiti, XX point-of-sale net charge-offs year-over-year respectively. sequentially, modest in and and of Canadian basis increase points Our XX
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to announced earnings steps earnings of the our in and improvement Turning some we that release. expense
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operations. lower-performing as continuing in-depth as consolidation footprints. centralized targeting We digital have on in analysis both of market are we improvement density stores where capitalizes overlapping local stores well This and
annual We million. in savings $XX $XX to expect these store million closures of to result
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functions million the $X our operating and see and X,XXX our $XX and in We adjusted between reducing space. rationalization to and million overall $X operations office of $XX X,XXX through employees improvement approximately Canadian X,XXX and corporate corporate approximately office expense of annualized to million to from space, consolidation pretax a and we expect receive net headcount savings while approximately to expect employees. U.S. across it consolidating income functions our Summing to by up million,
quarter the of million We million these also expect nonrecurring range $X pre-tax restructuring of to cash to fourth the in to million represents $X costs. charges which incur related of initiatives, in XXXX $X
rising margin revenue upon and at interest Looking risk-adjusted compression to rates, to we permitted environment. the appropriate experienced are address the based we've due competitive
to areas: working First, pricing adjusting business all are three in in units. We consumers three
consumers. tools higher rates; to reflect Second, adding adjusted discount for base mitigation resources three, and reflect more debt and rates
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