$FOOD.TO

TSX Down 335 Points at Midday With Miners The Worst Performer

The Toronto Stock Exchange is down 335 points at midday with most sectors in the red.Energy is the sole gainer, up 1.1%. Miners, down 3.0%, is the worst performer.In domestic news, Prime Minister Mark Carney unveiled a new Canada-U.S. advisory council ahead of the CUSMA review process this summer.The council is made up of some members from the previous council while adding former Conservative leader Erin O'Toole, former Conservative cabinet minister Lisa Raitt, and former Canadian High Commissioner to the United Kingdom Ralph Goodale.The committee will hold its first meeting on April 27 a statement from the prime minister's office said.In stocks, Goodfood Market (FOOD.TO), which reported a wider second-quarter loss this morning, is down 21% to $0.17 per share.

Goodfood Market Q2 Net Loss Widens as Sales Fall

Goodfood Market (FOOD.TO) said Tuesday that second-quarter net loss widened as net sales fell.The company said the results reflect the impact of a temporary Canadian Food Inspection Agency (CFIA) license suspension and a softer demand environment, which affected net sales and margins during the period.Net loss widened to $6.8 million, or $0.07 per share, from $2.4 million, or $0.03 per share, in the prior year period.Net sales fell 26% to $22.5 million over the same period, caused by fewer active customers and the temporary CFIA suspension in the quarter, partially offset by an increase in average order value."Second quarter results reflect the impact of a temporary disruption and softer demand. More importantly, CFIA clarified what needed to change-and we are acting on it decisively," said board chair and chief executive officer Selim Bassoul. "We have simplified our cost structure, reduced complexity, and refocused the business on its core economics. At the same time, we are improving our product with better quality, larger portions and greater convenience to align with what customers value most."Goodfood shares closed up $0.01, to $0.215 on Monday on the Toronto Stock Exchange.

Earnings Flash (FOOD.TO) Goodfood Market Corp. Reports Q2 Net Loss of $7M Vs $2M a Year Earlier

Goodfood Market Corp Says Advancing "Strategic Reset" Focused on Cash Generation and Core Economics

Goodfood Market Corp Net sales $23 Million in Q2