Groupe Dynamite Tops Estimates in First Earnings Since IPO
- Company says it’s prepared to respond to China tariffs
- CEO Lutfy called it the ‘best third quarter to date’
The Garage store at the Royalmount mall in Montreal, Quebec, Canada.
Photographer: Andrej Ivanov/BloombergThis article is for subscribers only.
Groupe Dynamite Inc. exceeded analyst expectations with its first earnings report as a public company and said it’s prepared to weather a trade war.
The Montreal-based retailer posted adjusted earnings per share of 41 Canadian cents in the third quarter ended Nov. 2, beating the 38 cents expected by the 10 analysts who began covering the company this month. Shares began trading on the Toronto Stock Exchange on Nov. 21.