(RTTNews) - Groupe Dynamite Inc. (EU7.F) announced a profit for its third quarter that Increased from last year and beat the Street estimates.
The company's bottom line totaled C$81.505 million, or C$0.71 per share. This compares with C$40.440 million, or C$0.38 per share, last year.
Excluding items, Groupe Dynamite Inc. reported adjusted earnings of C$83.017 million or C$0.72 per share for the period.
Analysts on average had expected the company to earn C$0.56 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 40.3% to C$362.970 million from C$258.772 million last year.
Groupe Dynamite Inc. earnings at a glance (GAAP) :
-Earnings: C$81.505 Mln. vs. C$40.440 Mln. last year. -EPS: C$0.71 vs. C$0.38 last year. -Revenue: C$362.970 Mln vs. C$258.772 Mln last year.
This third-quarter revenue growth was primarily due to a 31.6% increase in comparable store sales and contributions from new stores.
The Board has declared a one-time special cash dividend of C$2.30 per share. This dividend will be paid on December 29, to shareholders of record as of December 19.
Looking ahead, for the full year, Groupe Dynamite has revised up its guidance. The company now expects an adjusted EBITDA margin of 35% to 37% against the prior guidance of 32% to 33.5%.
Groupe Dynamite now projects comparable store sales growth of 25.5% to 27.5%, compared with the earlier guidance of 17% to 19%.
The company now expects annual capital expenditure of C$85 million to C$95 million, compared with C$95 million to C$105 million, previously.
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