$GRGD.TO

Groupe Dynamite Q1 Adjusted Earnings and Revenue Jump; Tweaks FY26 Guidance

Fashion retailer Groupe Dynamite (GRGD.TO) on Tuesday reported higher than expected first quarter adjusted net earnings, even as revenues just missed forecast, while it tweaked its fiscal 2026 guidance.Adjusted net earnings, which excludes most one-time items, more than doubled to $57.3 million or $0.50 per adjusted diluted share, and beat the $0.44 forecast by analysts polled by FactSet. The company reported adjusted earnings of $28.4 million, or $0.25 per adjusted diluted share in the prior year period.Total revenue surged 37% to $310.6 million over the same period, just below the $311.6 million expected. This growth was boosted by a 22.6% increase in comparable store sales and contributions from new stores, the company said. Online revenue jumped near 36% to $50.6 million in the quarter.Groupe Dynamite also tweaked its fiscal 2026 guidance and is now guiding to adjusted EBITDA margin of between 38.25% to 39.5%, above the previous 37.75% to 39.25%. It is reducing the number of net new store openings to 8 to 10, down from the previous 10 to 12."Q1 was a strong start to fiscal 2026. Across both GARAGE and DYNAMITE, customers responded positively to our assortments, marketing campaigns and the consistency of the experience we deliver across channels. Our real estate strategy continues to be a significant driver of growth, customer acquisition and profitability. By opening new locations in premium centers, optimizing our fleet and delivering a compelling in-store experience, we continue to drive significant productivity improvements across our store network," said chief operating officer Stacie Beaver.Groupe Dynamite shares closed up $5.27, to $74.44 on Monday on the Toronto Stock Exchange.

Earnings Flash (GRGD.TO) Groupe Dynamite Raised Adjusted EBITDA Margin Guidance for Fiscal 2026 to 38.25%-39.50%

Earnings Flash (GRGD.TO) Groupe Dynamite Adjusted Diluted Net EPS Increased by 100% to $0.50 in Q1 2026

Groupe Dynamite Revenue Increased by 37.0% to $310.6 million in Q1 2026

CIBC Confirms Outperformer Rating on Groupe Dynamite and Raises Target to $100 Ahead of Q1 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Groupe Dynamite (GRGD.TO) and raised its price target to C$100 from C$97.00 ahead of the clothing retailer reporting its fiscal first-quarter financial results.The bank expects sales momentum to "remain healthy," with "strong" gross margin percentage performance. It also said it continues to see strong sales growth in both Canada and the U.S., led by the Garage banner."We continue to see substantial runway for GRGD with International as an emerging - but increasingly important - lever," said analyst Mark Petrie. "Our estimate of 22% SSS growth sits modestly below consensus of 26.4% and reflects deceleration from the 28% growth through the first eight weeks of FQ1 that management shared on the FQ4 call in April."CIBC expects EBITDA margin up 512 basis points overall. "We should also see solid opex leverage on the top-line strength," Petrie added.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $77.20, Change: $-2.00, Percent Change: -2.53%

Groupe Dynamite Closes $251 Million Subordinate Shares Offering

Groupe Dynamite (GRGD.TO) has closed the offering of 2.7 million subordinate shares, which were sold at $93.00 each, raising $251 million for the selling shareholder, chief executive Andrew Lutfy, the company said on Monday.Groupe Dynamite also completed its buyback of 1.6 million subordinate voting shares from Lutfy at the same offering price, for a total of $51 million.Groupe Dynamite shares were last seen down $0.92 to $86.64 on the Toronto Stock Exchange.Price: $86.58, Change: $-0.98, Percent Change: -1.12%

Groupe Dynamite Renews Its Normal Course Issuer Bid

Groupe Dynamite (GRGD.TO), a player in the fashion industry, on Wednesday announced the receipt of regulatory approval from the Toronto Stock Exchange of its notice of intention to renew its normal course issuer bid.Under the NCIB, the company may buy back for cancellation, during the period starting on Apr. 17, 2026, and ending on the earlier of Apr. 16, 2027, and the date on which the company reaches the maximum purchases permitted under the NCIB, up to an aggregate of near 1.6-million subordinate voting shares, representing about 10% of its public float as at Apr. 3, 2026.Groupe Dynamite will also enter into an automatic securities purchase plan with a designated broker on or about Apr. 17, whereby subordinate voting shares may be repurchased at times when such purchases would otherwise be prohibited pursuant to regulatory restrictions or self-imposed blackout periods.As of Apr. 3, the company had 20.8-million subordinate voting shares issued and outstanding, and a public float of 15.7-million subordinate voting shares.Shares of the company closed down 2% to $89.13 on Tuesday on the TSX.