Groupe Dynamite - The fashion retailer reported a profit of 56 cents per diluted share for the quarter ended August 2, up from 38 cents per diluted share in the same quarter last year [1] - On an adjusted basis, the profit was 57 cents per diluted share, an increase from 40 cents per diluted share a year earlier [1] - Revenue for the 13-week period totaled $326.4 million, up from $239.1 million a year ago, with comparable store sales rising by 28.6% [2] - The company now expects comparable store sales growth between 17.0% and 19.0% for the full year, an increase from earlier expectations of 7.5% to 9.0% [3] - Adjusted earnings before interest, taxes, depreciation, and amortization margin expectations were raised to between 32.0% and 33.5%, up from 30.3% to 32.3% [3] Roots Corp. - Roots reported a narrowed net loss of $4.4 million in Q2, compared to a loss of $5.2 million a year earlier, resulting in a loss of 11 cents per share compared to 13 cents per share previously [6][11] - Second-quarter sales reached $50.8 million, an increase from $47.7 million a year earlier [6][11] - Direct-to-consumer sales totaled $41 million, up 12.7% from the previous year, with comparable sales growth of 17.8% [8] - The company attributed the increase in sales to successful marketing campaigns and positive customer response to spring and summer collections [9] - Roots plans to continue using selective partnerships and experiences to enhance brand perception and support sales into the fall [12] Transat A.T. Inc. - Transat A.T. reported a net income of $399.8 million in its latest quarter, compared to a loss of $39.9 million in the same quarter last year [13][16] - The profit amounted to $9.97 per share for the quarter ended July 31, compared to a loss of $1.03 per share a year earlier [13] - Revenue rose to $766.3 million, up from $736.2 million a year ago, reflecting a 4.1% increase [16]
Stock news for investors: Groupe Dynamite Q2 profit jumps to $63.9M on strong sales growth