Business
Canlan Sports Reports Q1 Record Revenue and Continues Quarterly Dividend
Burnaby, British Columbia--(Newsfile Corp. - May 12, 2025) - Canlan Ice Sports Corp. (TSX: ICE) (...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"Canlan Sports Reports Q1 Record Revenue and Continues Quarterly DividendBurnaby, British Columbia--(Newsfile Corp. - May 12, 2025) - Canlan Ice Sports Corp. (TSX: ICE) (the \"Corporation\", \"Canlan\" or \"Canlan Sports\") today reported its financial results for the first quarter ended March 31, 2025.Overview of Q1 2025Total operating revenue of $28.0 million increased by $1.8 million or 6.8% compared to a year ago;Operating earnings (see \"Non-IFRS Financial Measure\" above) of $8.5 million increased by $0.9 million or 11.3% compared to 2024; and Net earnings of $4.2 million or $0.32 per share were consistent with 2024.\"It's exciting to see the strong momentum from 2024 carry into the first quarter of 2025, with overall revenue up 7% and food and beverage sales climbing 10%, driven by growing participation in our leagues, party bookings, and sports simulators,\" said Joey St-Aubin, President and CEO of Canlan Sports. \"These results are a testament to the power of community and the strength of our brand, but they also reflect the strides we've made in transforming the way we serve our customers.\" \"As a follow up from our February news release, the dialogue initiated through Canlan's She Plays Hockey committee so far, has been very engaging and has sparked a movement that we believe will be very productive for the long-term vision of girls' and women's participation in hockey. In addition, our recent digital improvements are starting to simplify how guests interact with us, from smoother registration processes to more relevant program suggestions, making it easier and more convenient for them to stay connected. The expansion of our indoor fields at Canlan Libertyville in 2024 was another example of listening to our communities and investing to meet their needs. The demand for indoor soccer during the fall and winter exceeded expectations, and we're now also seeing strong engagement on the ice side heading into spring and summer with hockey league registrations tracking well. With our tournament division preparing for another busy season, we're excited about what lies ahead as we continue to innovate and elevate the Canlan Sports experience for every guest.\"\"In addition to on-ice and field operations, we're moving forward with a number of important capital and maintenance projects that will help shape the future of our faci...