Clothing retailer Groupe Dynamite reports Q1 profit and revenue up from year ago
MONTREAL - Groupe Dynamite Inc. reported a first-quarter profit of $27.3 million, up from $23.9 million a year ago as its revenue rose 20 per cent.
The clothing retailer, which operates under the Garage and Dynamite banners, says the profit amounted to 24 cents per diluted share for the quarter ended May 3.
The result was up from 22 cents per diluted share in the same quarter last year.
On an adjusted basis, Groupe Dynamite says it earned 25 cents per diluted share in its latest quarter, up from an adjusted profit of 23 cents per diluted share a year ago.
Revenue totalled $226.7 million, up from $188.9 million, while comparable store sales rose 13.0 per cent.
In its outlook, Groupe Dynamite says it now expects comparable store sales growth for its full year between 7.5 per cent and 9.0 per cent, up from earlier guidance for between 5.0 per cent and 6.5 per cent.
This report by The Canadian Press was first published June 17, 2025.
Companies in this story: (TSX:GRGD)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
an hour ago
- Hamilton Spectator
Canadian bank fossil fuel funding rose in 2024 despite record heat: report
TORONTO - Canadian banks were once again ranked as among the world's top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record. The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world's 65 top banks rose by US$162.5 billion last year to US$869 billion, a reversal of a downward trend since 2021. RBC, Canada's largest bank, was ranked as the eighth biggest oil and gas financier globally with US$34.3 billion in new commitments last year, while TD Bank Group was ranked ninth with US$29 billion. The report pegged Scotiabank as 13th, CIBC at 14th and BMO Financial Group as 16th, with all of the big five Canadian banks showing an increase in funding from the previous year, including a 46 per cent jump for TD and a 41 per cent increase for CIBC. Richard Brooks, climate finance program director at says the increased financing, despite the record-breaking heat, shows Canadian banks are misaligned with climate science and have abdicated any sense of leadership on the issue. The Canadian Bankers Association says banks in the country remain committed to supporting clients in their climate transition efforts and understand that firm commitments are required to accelerate clean economic growth and meet the goal of a net-zero economy by 2050. This report by The Canadian Press was first published June 17, 2025. Companies in this story: (TSX:RY; TSX:TD; TSX:BMO; TSX:CM; TSX:BNS)
Hamilton Spectator
an hour ago
- Hamilton Spectator
S&P/TSX composite down in late-morning trading, U.S. stocks also lower
TORONTO - Canada's main stock index was down in late-morning trading despite strength in the energy sector, while U.S. stock markets also moved lower. The S&P/TSX composite index was down 46.45 point at 26,522.16. In New York, the Dow Jones industrial average was down 70.17 points at 42,444.92. The S&P 500 index was down 19.90 points at 6,013.21, while the Nasdaq composite was down 68.46 points at 19,632.75. The Canadian dollar traded for 73.60 cents US compared with 73.76 cents US on Monday. The August crude oil contract was up US$2.02 at US$72.27 per barrel and the July natural gas contract was up 13 cents at US$3.88 per mmBTU. The August gold contract was down US$12 at US$3,405.30 an ounce and the July copper contract was down four cents at US$4.79 a pound. This report by The Canadian Press was first published June 17, 2025. Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
Yahoo
an hour ago
- Yahoo
SmartCentres Declares Distribution for June 2025
TORONTO, June 17, 2025--(BUSINESS WIRE)--SmartCentres Real Estate Investment Trust ("SmartCentres") (TSX: announced today that the trustees of SmartCentres have declared a distribution for the month of June 2025 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on July 15, 2025 to unitholders of record as at June 30, 2025. About SmartCentres SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 196 strategically located properties in communities across the country. SmartCentres has approximately $11.9 billion in assets consisting of income producing value-oriented retail, purpose-built rental, first-class office and self-storage properties. SmartCentres owns 35.4 million square feet of leasable space with 98.4% in place and committed occupancy, on 3,500 acres of owned land across Canada. View source version on Contacts For more information, visit or please contact:Mitchell GoldharExecutive Chairman and CEO(905) 326-6400 ext. 7674mgoldhar@ Peter SlanChief Financial Officer(905) 326-6400 ext. 7571pslan@
