07:25 AM EDT, 09/10/2025 (MT Newswires) -- Groupe Dynamite ( GRGDF ) , trading at 52 week highs, on Wednesday reported better than expected earnings for the second quarter, and also increased its fiscal 2025 guidance.
The company, which operates in the fashion industry, said adjusted net earnings, which excludes most one-time items, increased to $64.8 million, or $0.57 per adjusted diluted share and $0.60 basic, from $42.7 million, or $0.40 per adjusted diluted and basic share, in the prior year period. The result beat the consensus analyst estimate of $0.44 per share, according to FactSet.
Revenue jumped 36.5% to $326.4 million over the same period, beating the $$290.2 million expected. This growth was primarily due to a 29% increase in comparable store sales and contributions from new stores. Online revenue posted a 32% increase to $46.7 million, the company said.
The company raised its fiscal 2025 guidance on comparable store sales growth (17% to 19%) and adjusted EBITDA margin (32.0% to 33.5%).
"We delivered an exceptional quarter. Comparable store sales grew 28.6%, driving a 43.3% two-year stack. This performance was fueled largely by higher traffic, attributable to strong brand heat and an important increase in media brand impressions," said chief executive Andrew Lutfy. "We've raised our 2025 guidance on both revenue and profitability, reflecting disciplined execution, operational agility and a luxury-inspired model that consistently outperforms."
Groupe Dynamite ( GRGDF ) closed up $1.29, to $41.29, and hit 52 week highs on the TSX yesterday.