Canada's Boyd Group Services Q2 sales miss estimates

Boyd Services

13/08/2025 11:09

Overview

Boyd Group Q2 sales up 0.2%, missing analyst expectations, per LSEG data

Adjusted EPS for Q2 missed consensus, reflecting ongoing profitability challenges

Company's location count surpasses 1,000, driven by acquisitions and new openings

Outlook

Boyd Group says achieved modest positive same-store sales growth so far in Q3 2025

Company aims for $100 mln cost savings by 2029 through Project 360

Boyd Group plans to open 16 new locations in H2 2025

Company sees improvement in industry conditions, including used car prices

Result Drivers

NEW LOCATIONS - Sales growth driven by $21 mln revenue from new locations despite 2.1% decline in same-store sales

PROFITABILITY INITIATIVES - Margin expansion attributed to internalization of scanning services and performance-based pricing

COST SAVINGS - Implementation of indirect staffing model expected to save $30 mln annually, per CEO Brian Kaner

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$780.41 mln
$789.20 mln (12 Analysts)
Q2 Adjusted EPS
Miss
$0.5
$0.58 (11 Analysts)
Q2 Adjusted Net Income
$10.81 mln
Q2 Net Income
$5.42 mln
Q2 Adjusted EBITDA
$93.79 mln
Q2 Gross Margin
46.8%
Q2 Basic EPS
$0.25


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the personal services peer group is "buy"

Wall Street's median 12-month price target for Boyd Group Services Inc is C$262.50, about 26.5% above its August 12 closing price of C$193.00

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 45 three months ago

Press Release: ID:nCNWYLXtXa

(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.)