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ADW.A Andrew Peller News Story

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Canada's Andrew Peller Q1 revenue misses estimates

Overview

Andrew Peller fiscal Q1 revenue dips, missing analyst expectations

EBITA rises 25% yr/yr, driven by improved margins and cost savings

Outlook

Company expects sustained long-term value through sales and EBITA growth

Result Drivers

COST SAVINGS - Improved gross margin due to lower costs for glass bottles and inbound freight, driven by cost savings program

SALES PERFORMANCE - Strong sales in western Canada and big box stores, offset by softness in stand-alone retail stores and personal wine making business

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMissC$99.20 mlnC$101 mln (1 Analyst)
Q1 Net IncomeC$4.60 mln
Q1 Gross Margin42.4%
Q1 EBITAC$16.10 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the distillers & wineries peer group is "buy" Wall Street's median 12-month price target for Andrew Peller Ltd is C$11.75, about 54% above its August 5 closing price of C$5.41 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago Press Release: ID:nGNXgVdcD (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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