07:15 AM EDT, 06/11/2025 (MT Newswires) -- North West Company ( NNWWF ) overnight Tuesday reported an increase in its earnings in the first quarter, helped by same-store sales growth and improved execution focused on meeting customer needs.

The company reported net earnings of $27.7 million for the three months ended April 30, compared with $27.2 million, a year-ago. Adjusted net earnings for the quarter was $33.6 million compared with $29.4 million, a year earlier.

Consolidated sales increased 3.9% to $641.4 million, compared with $617.5 million, a year earlier, led by same-store sales gains, the impact of foreign exchange on the translation of International Operations sales and sales from new stores. These factors were partially offset by the impact of lower wholesale sales and one extra day of sales last year as a result of 29 Feb.

"We're especially encouraged by the progress we've made in improving on-shelf availability and refining our merchandise assortment," said North West Chief Executive Dan McConnell. "While it's still early, we're confident that our focus on operational excellence through the Next 100 initiative is the right strategy - one that will deliver meaningful value to both our customers and our shareholders."

The board also declared a quarterly dividend of $0.40 per share, unchanged from the prior quarter, to be paid on July 15 to shareholders of record on June 27.

Shares of the company closed down 0.1% to $54.29 on Tuesday on the Toronto Stock Exchange.