Business
Jewett-Cameron Reports Fiscal 2026 Second Quarter Operational and Financial Results
Company to host webcast today, April 13, 2026, at 4:30 p.m. Eastern time NORTH PLAINS, Ore., April 13, 2026 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company
About this update from Jewett-cameron Trading Company
[{"type":"text","content":"Company to host webcast today, April 13, 2026, at 4:30 p.m. Eastern time\nNORTH PLAINS, Ore., April 13, 2026 (GLOBE NEWSWIRE) -- Jewett-Cameron Trading Company Ltd. (the “Company”; Nasdaq: JCTC), a company committed to innovative products that enrich outdoor spaces, today announced operational and financial results for the fiscal 2026 second quarter for the six-month period ended February 28, 2026. Management Discussion “We made progress on many of the actions outlined last quarter, including selling through substantial portions of the excess cedar fencing inventory accumulated before the consignment sales agreement was terminated, liquidating a significant portion of slow-moving pet inventory, and continuing to reduce overhead and administrative costs,” commented Chad Summers, CEO of Jewett-Cameron. “Tariff uncertainty continues to create cost pressure and disrupt purchasing patterns, while soft consumer sentiment has weighed on discretionary spending creating broader impacts on the Company’s do-it-yourself and home improvement professional customer base.” “We remain focused on completing the monetization of our remaining excess non-core inventory while evaluating strategic partnerships and collaborations, and exploring potential divestitures involving select businesses and real estate assets. We remain committed to executing a dual approach of unlocking value from non-core assets while exiting fiscal 2026 with a sustainable long-term business model,” Summers concluded. Financial Results Revenue for Q2 2026 was $10.5 million compared to $9.1 million in Q2 2025, an increase of 16%. The growth in revenue was driven primarily by the liquidation of certain slow-moving pet inventory and excess cedar fencing which was acquired prior to the termination of a consignment sales agreement with a major retailer, and those sales will not be repeated in future periods. In certain cases, the Company sold inventory at, or below, carrying value to accelerate cash conversion, contributing to inventory reductions of 30% ($9.6 million vs.$13.5 million) from the prior quarter and down 36% ($9.6 million vs. $14.9 million) from a year ago. While the sales drove higher accounts receivable at period end, substantially all amounts due have since been collected and used to reduce borrowings under our credit facility since quarter end. The Company also ex...