Business
The North West Company Inc. Announces Third Quarter Earnings and a Quarterly Dividend
WINNIPEG, Manitoba, Dec. 09, 2025 (GLOBE NEWSWIRE) -- The North West Company Inc. (the "Company" ...
About this update from North West Company Inc.
[{"type":"text","content":"The North West Company Inc. Announces Third Quarter Earnings and a Quarterly Dividend\n\n\n\n WINNIPEG, Manitoba, Dec. 09, 2025 (GLOBE NEWSWIRE) -- The North West Company Inc. (the \"Company\" or \"North West\") today reported its unaudited financial results for the third quarter ended October 31, 2025. It also announced that the Board of Directors has declared a quarterly dividend of $0.41 to shareholders of record on December 31, 2025, to be paid on January 15, 2026.\n \n\n \"Our third-quarter performance demonstrates the underlying strength of our business model, even within a softer sales environment from less money in market, with results driven by margin improvements unlocked through our Next 100 initiative and lower expenses which contributed to delivering double-digit earnings growth,\" said Dan McConnell, President & CEO. “We are encouraged by the contributions from our Next 100 work and the continuing value it is delivering to customers and shareholders”.\n \n\n\n\n Financial Highlights\n \n\n\n\n\n Sales\n \n Third quarter consolidated sales decreased 0.5% to $634.3 million compared to $637.5 million last year due to a decrease in Canadian Operations same store sales which were partially offset by the impact of foreign exchange on the translation of International Operations sales and sales from new stores. Same store sales decreased 1.7%\n \n 1\n \n compared to a 4.0% sales gain in the third quarter last year due to a 2.8% decrease in same store sales in Canadian Operations which were negatively impacted by a decrease in funding to individuals from Inuit Child First and Jordan's Principle programs. International Operations same store sales were flat to last year as an increase in food sales offset lower general merchandise sales.\n \n\n\n Gross Profit\n \n Gross profit increased 1.4% to $217.1 million compared to $214.1 million last year due to a 64 basis point increase in gross profit rate. The increase in the gross profit rate is due to changes in sales blend and the positive impact from our Next 100 work, including refinements of our merchandise assortment and procurement.\n \n\n\n Selling, Operating and Administrative Expenses\n \n Selling, operating and administrative expenses (\"Expenses\") decreased $1.6 million or 1.0% compared to last year and were down 13 basis points as a percentage to sal...