Overview

* Boyd Group Q2 sales up 0.2%, missing analyst expectations, per LSEG data

* Adjusted EPS for Q2 missed consensus, reflecting ongoing profitability challenges

* Company's location count surpasses 1,000, driven by acquisitions and new openings

Outlook

* Boyd Group says achieved modest positive same-store sales growth so far in Q3 2025

* Company aims for $100 mln cost savings by 2029 through Project 360

* Boyd Group plans to open 16 new locations in H2 2025

* Company sees improvement in industry conditions, including used car prices

Result Drivers

* NEW LOCATIONS - Sales growth driven by $21 mln revenue from new locations despite 2.1% decline in same-store sales

* PROFITABILITY INITIATIVES - Margin expansion attributed to internalization of scanning services and performance-based pricing

* COST SAVINGS - Implementation of indirect staffing model expected to save $30 mln annually, per CEO Brian Kaner

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $780.41 $789.20

mln mln (12

Analysts

)

Q2 Miss $0.5 $0.58

Adjusted (11

EPS Analysts

)

Q2 $10.81

Adjusted mln

Net

Income

Q2 Net $5.42

Income mln

Q2 $93.79

Adjusted mln

EBITDA

Q2 Gross 46.8%

Margin

Q2 Basic $0.25

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the personal services peer group is "buy"

* Wall Street's median 12-month price target for Boyd Group Services Inc ( BYDGF ) is C$262.50, about 26.5% above its August 12 closing price of C$193.00

* The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 45 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)