The style retailer, which operates underneath the Storage and Dynamite banners, says its revenue amounted to 56 cents per diluted share for the quarter ended Aug. 2, up from 38 cents per diluted share in the identical quarter final 12 months. On an adjusted foundation, Groupe Dynamite says it earned 57 cents per diluted share, up from an adjusted revenue of 40 cents per diluted share a 12 months earlier.
Income for the 13-week interval totalled $326.4 million, up from $239.1 million a 12 months in the past, whereas its comparable retailer gross sales rose 28.6%.
In its outlook, Groupe Dynamite says it now expects comparable retailer gross sales development between 17.0% and 19.0% for its full 12 months, up from earlier expectations for between 7.5 and 9.0%. It additionally raised its expectations for its adjusted earnings earlier than curiosity, taxes, depreciation and amortization margin to between 32.0% and 33.5%, up from earlier steerage for between 30.3% and 32.3%.
Roots studies $4.4 million web loss in Q2 regardless of summer time advertising campaigns
Roots (TSX:ROOT)
Numbers for the second quarter (all figures in USD):
- Loss: $4.4 million (down from $5.2 million loss a 12 months earlier)
- Income: $50.8 million (up from $47.7 million a 12 months earlier)
Roots Corp. supplied some buzzy advertising campaigns and model collaborations over the summer time in hopes of driving site visitors to the retailer however nonetheless wound up reporting a loss throughout the interval.
The Toronto-based attire maker stated Wednesday its second-quarter web loss narrowed to $4.4 million in contrast with a $5.2-million loss a 12 months earlier. The end result for the interval ended Aug. 2 amounted to a lack of 11 cents per share for the quarter in contrast with a lack of 13 cents per share a 12 months prior. In the meantime, second-quarter gross sales reached $50.8 million, up from $47.7 million.
Roots CEO Meghan Roach instructed monetary analysts on a convention name Wednesday that it’s typical for the corporate to generate about 30% of its gross sales within the first half of the 12 months, typically leaving it with a loss because it heads into the autumn and winter.
Nevertheless, the second-quarter outcomes this 12 months got here despite tense commerce relations between Canada and the U.S., which have made buyers extra cautious. “Regardless of the dynamic international working setting, Roots continues to construct optimistic momentum as we head into the second half of the 12 months,” Roots chief monetary officer Leon Wu stated on the identical name as Roach.
A lot of that momentum has come from direct-to-consumer gross sales, which embody company retail retailer and e-commerce gross sales. Within the second quarter, direct-to-consumer gross sales totalled $41 million, up 12.7% from the 12 months earlier than. Direct-to-consumer comparable gross sales development was 17.8%.
Wu noticed the rise as a mirrored image of consumers responding effectively to the corporate’s spring and summer time collections in addition to its latest advertising campaigns. The campaigns helped Roots enhance engagement and made the model really feel extra accessible, Roach stated. Included within the campaigns have been situations the place Roots reworked a car parking zone into nature-inspired areas for golf and tennis.
The corporate additionally hosted a pop-up in Toronto to advertise a summer time capsule assortment with ginger ale maker Canada Dry. The gathering included hoodies and graphic tees that includes Canada Dry’s brand and classic ads.
“Collectively, these collaborations amplified model warmth, bolstered our heritage positioning, and prolonged our attain for genuine Canadian cultural moments,” Roach stated. “We’ll proceed to make use of selective partnerships and experiences to construct that model notion and assist full-price promote by means of into fall.”
Transat A.T. studies $399.8-million Q3 revenue, income up from a 12 months in the past
Transat A.T. Inc. (TSX:TRZ)
Numbers for the third quarter (all figures in USD):
- Revenue: $399.8 million (up from a lack of $39.9 million a 12 months earlier)
- Income: $766.3 million (up from $736.2 million a 12 months earlier)
Transat A.T. Inc. reported a web earnings of $399.8 million in its newest quarter in contrast with a lack of $39.9 million in the identical quarter final 12 months, as its income rose 4.1%.
The dad or mum firm of Air Transat says the revenue amounted to $9.97 per share for the quarter ended July 31, in contrast with a lack of $1.03 per share a 12 months earlier.
On an adjusted foundation, Transat says it had a lack of 28 cents per share in its newest quarter, in contrast with an adjusted lack of 93 cents per share in the identical quarter final 12 months.
