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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$99.20 mln
C$101 mln (1 Analyst)
Q1 Net Income
C$4.60 mln
Q1 Gross Margin
42.4%
Q1 EBITA
C$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.)