Financial Data and Key Metrics Changes - Revenue for Q2 2025 was 8.2 million in Q2 2024, reflecting a growth in metal fencing products and other categories [28][30] - Gross margins for Q2 2025 were 20.1%, down from 25.1% in Q2 2024, primarily due to a shift in sales mix and higher costs associated with in-store display units [33] - Net loss for Q2 2025 was 0.16 per share, compared to a net income of 0.15 per share in Q2 2024 [35] Business Line Data and Key Metrics Changes - Sales of metal fencing products increased due to the ongoing load-in of new Lifetime Steel Post displayers [29] - Wood fencing product sales decreased due to material constraints, while pet product sales continued to decline [20][31] - Sales at Greenwood increased by 31% to 0.8 million in Q2 2024 [24] Market Data and Key Metrics Changes - Online sales for several pet products have started to pick up recently, indicating a potential recovery in that segment [21] - The company has seen a reduction in pet inventory by over 17% from a year ago, which may improve sales dynamics [22] Company Strategy and Development Direction - The company is focused on four key areas: growth drivers, product innovation, supply chain and operational efficiency, and asset monetization [41] - The successful growth in the metal fence category and traction of MyEcoWorld products validate the execution of the strategic focus [41] - The company is enhancing systems and processes to improve profitability and has initiated multi-sourcing strategies to mitigate tariff impacts [18][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the evolving tariff landscape but expressed confidence in the company's positioning due to prior supply chain initiatives [19] - The company is optimistic about future growth driven by new product launches and improved marketing efforts [32] Other Important Information - The company has reduced inventory balances by 23% to 600,000, with a listing price of $9 million, which could significantly enhance shareholder value upon sale [38][25] Q&A Session Summary Question: Why haven't executives purchased shares in the open market? - Management indicated that they are often restricted from purchasing shares due to material information and will review the situation further [46] Question: Are there any additional questions? - No further questions were raised during the session, and the call concluded with closing remarks from management [47]
Jewett-Cameron Trading Co Ltd(JCTC) - 2025 Q2 - Earnings Call Transcript