The 9.2% stock rise reflects investor approval of strong U.S. sales growth and significant profit margin expansion in Canada, driven by operational efficiency and innovation initiatives.
- U.S. sales grew 11.2% with comps up 6.4%, fueled by higher average basket size and transactions despite disruptive weather.
- Canadian comps declined slightly by 0.6%, impacted by an Easter timing shift, but Canadian segment profit surged nearly 24%, lifting margins by 310 basis points.
- Adjusted EBITDA reached $44 million, representing 11% of sales, marking the second consecutive quarter of year-over-year EBITDA growth.
- Opened 3 new U.S. stores this quarter, with plans for about 25 total openings in 2026, mostly in the U.S., continuing profitable expansion.
- Innovation efforts, including early rollout of ABP Light and AI partnerships with Microsoft, are enhancing productivity, margin discipline, and customer engagement.
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