05:27 PM EST, 02/04/2025 (MT Newswires) -- Groupe Dynamite ( GRGDF ) , which on Tuesday closed at the lowest since its November initial public offering, after trade said comparable store sales rose by 9.5% for the fiscal fourth quarter ended Feb.1 and comparable store sales growth of 12.3% for the full fiscal year.

On a two-year stacked basis, the clothing retailer said comparable sales growth reached 19.3% for Q4 2024 and 20.5% for fiscal 2024.

In the quarter, the company expanded its presence in the United States with the opening of two new Garage stores, strategically closed three locations, and successfully relocated one store to a "more advantageous" location.

Groupe Dynamite ( GRGDF ) said it expects adjusted EBITDA margin for the quarter to be higher than the same quarter last year due to a "combination of higher average unit retail prices favorably impacted by lower markdowns and lower selling, general, and administrative expenses as a percentage of sales, driven by operating leverage".

"Our product assortment resonated strongly with our customers throughout the year, including during the key Q4 holiday period, while our premiere real estate strategy, which positions us in high-traffic, high-quality locations, also continues to pay off," said chief operating officer Stacie Beaver.

With respect to the recent US announcements regarding tariffs, the company said it is "confident that it has the right strategies in place to manage any potential impact", while "remaining agile" as the situation evolves. It added: "The company believes it has enhanced current tools, and has developed new ones, that will support us in navigating the recent tariffs announcements from the US. As a result, the current state of these tariffs are not viewed as having material impact on our business-as-usual operations. We are monitoring the situation closely and will adapt accordingly. We remain focused on executing our strategic initiatives and delivering strong results."

Groupe Dynamite ( GRGDF ) intends to release its full financial results for fiscal Q4 and fiscal 2024 on or around Tuesday, April 15, 2025, before markets open, followed by a conference call with management to discuss the results on the same day.

The company's shares eased $0.24, or 1.6%, at $15.06 on the Toronto Stock Exchange.