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Brayden Dennis

πŸ‘€ Speaker
634 total appearances
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Appearances Over Time

Podcast Appearances

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And that's guidance for the rest of the year, right?

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Yeah, hey, I'll eat my words.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

I guess the weather does impact business at Dollarama.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

So, no, a very solid quarter.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

I think that comparable store sales is always the one that, to me, is the one I keep an eye on.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

But, yeah.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Yeah.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Nothing more to add there.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Let's move on to Group Dynamite.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

The shares took a massive hit after the earnings release, dropping more than 35% on the day that happened yesterday.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And at first glance, it's really easy to wonder why the company was down so much.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

I mean, revenues grew by 37%.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Comparable store sales were up a whopping 23%.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

They also mentioned on the call they have substantial pricing power with their retail.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

The retail unit was up 15%, so every unit sold retail on average was up 15% in terms of pricing.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

This helped boost both their gross margin and adjusted EBITDA margins.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

They opened their first UK store under their Garage brand name.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And they believe that it shows that their brand can be successful internationally, which is kind of funny.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

That part is a little bit of a head scratcher.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

I know they're trying to sell the business, but it's not because you open one store that it went well that you're going to be successful on the international stage.