Ori Max

CEO, Max Stock

Search every verified Ori Max interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ori Max, CEO of Max Stock, discussed the company's third-quarter 2022 results during a November 25, 2022 earnings call. He reported double-digit revenue growth, strong same-store sales, and gross margin expansion compared to the prior year. Max attributed the performance to a strong back-to-school season, continued store expansion, and product selection tailored to the season. He also stated that the company believed it was attracting new customers seeking value in an inflationary environment and benefited from a shift in holiday spending timing from the fourth quarter into the third quarter. Max noted that the company's physical footprint grew by 17.5% year-over-year to nearly 58,500 square meters, and sales per square meter increased 20.6% since the end of 2018. He mentioned that same-store sales grew nearly 4% in the third quarter, bringing the year-to-date figure to just over 1%. Max stated that the company expected long-term same-store sales growth to be around 3%, as previously outlined in its IPO. He also indicated that the third quarter would be the last with significant stock-based compensation expense, which would be nearly eliminated going forward.