Brayden Dennis
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Appearances Over Time
Podcast Appearances
And that's guidance for the rest of the year, right?
Yeah, hey, I'll eat my words.
I guess the weather does impact business at Dollarama.
So, no, a very solid quarter.
I think that comparable store sales is always the one that, to me, is the one I keep an eye on.
But, yeah.
Yeah.
Nothing more to add there.
Let's move on to Group Dynamite.
The shares took a massive hit after the earnings release, dropping more than 35% on the day that happened yesterday.
And at first glance, it's really easy to wonder why the company was down so much.
I mean, revenues grew by 37%.
Comparable store sales were up a whopping 23%.
They also mentioned on the call they have substantial pricing power with their retail.
The retail unit was up 15%, so every unit sold retail on average was up 15% in terms of pricing.
This helped boost both their gross margin and adjusted EBITDA margins.
They opened their first UK store under their Garage brand name.
And they believe that it shows that their brand can be successful internationally, which is kind of funny.
That part is a little bit of a head scratcher.
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.