Stock news for investors: Groupe Dynamite Q2 -win jumps to $ 63.9 million on strong sales growth – Moneysense

The fashion store, which operates among the garage and dynamite banners, says that the profit was 56 cents per watered share for the quarter ending on 2 August, an increase of 38 cents per watered share in the same quarter last year. On an adapted basis, Groupe Dynamite says that it earned 57 cents per watered share, an increase in an adjusted profit of 40 cents per diluted a year earlier.

Turnover for the 13 -week period was $ 326.4 million, an increase of $ 239.1 million a year ago, while the comparable store revenue increased 28.6%.

In its prospects, Groupe Dynamite says that it is now expected a similar sales growth of the store between 17.0% and 19.0% for the entire year, an increase of previous expectations for between 7.5 and 9.0%. The also increased expectations for the adjusted income for interest, taxes, depreciation and amortization margin to between 32.0% and 33.5%, an increase in earlier guidelines for between 30.3% and 32.3%.

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Roots reports $ 4.4 million net loss in Q2 despite summer marketing campaigns

Roots Corp. offered a number of Buzzy marketing campaigns and brand collaborations in the summer in the hope of driving traffic to the retailer, but still called a loss in the period.

The clothing maker, based in Toronto, said on Wednesday that the net loss of the second quarter a year earlier limited to $ 4.4 million compared to a loss of $ 5.2 million. The result for the period ended on 2 August was a loss of 11 cents per share for the quarter compared to a loss of 13 cents per share a year earlier. In the meantime, the turnover of the second quarter reached $ 50.8 million, an increase of $ 47.7 million.

Roots CEO Meghan Roach told financial analysts at a conference call on Wednesday that it is typical for the company to generate about 30% of his turnover in the first half of the year, so that it often leaves a loss while it goes in autumn and winter.

The results of the second quarter, however, this year, despite tense commercial relations between Canada and the US, who made shoppers more careful. “Despite the dynamic global operational environment, Roots continues to build a positive momentum while we enter the second half of the year,” said Roots Chief Financial Officer Leon Wu on the same call as Roach.

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Much from that momentum comes from the sale of direct to consumers, including a store for the store and the sale of e-commerce. In the second quarter, the turnover of direct-to-consumer was $ 41 million, an increase of 12.7% compared to the previous year. Direct-to-consumer comparable sales growth was 17.8%.

Wu saw the increase as a reflection of customers who responded well to the company’s spring and summer collections, as well as the recent marketing campaigns. The campaigns helped roots to increase involvement and made sure that the brand felt more accessible, Roach said. Included in the campaigns there were fallen in which roots transformed a parking space into nature -inspired spaces for golf and tennis.

The company also organized a pop-up in Toronto to promote a summer capsula collection with Ginger Ale Maker Canada Dry. The collection included hoodies and graphic T pieces with the logo of Canada Dry and Vintage advertisements.

“Together, these collaborations strengthened brand heat, strengthened our heritage positioning and expanded our reach for authentic Canadian cultural moments,” said Roach. “We will continue with the use of selective partnerships and experiences to build that brand perception and support the full sale by in the fall.”

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Transat for reports $ 399.8 million q3 profit, income from a year ago

Transat at Inc. Reported a net income of $ 399.8 million in the last quarter compared to a loss of $ 39.9 million in the same quarter last year, because sales increased by 4.1%.

The parent company of Air Transat says that the profit was $ 9.97 per share for the quarter ending on July 31, compared to a loss of $ 1.03 per share a year earlier.

On an adapted basis, Transat says that it had a loss of 28 cents per share in the last quarter compared to an adjusted loss of 93 cents per share in the same quarter last year.