Groupe Dynamite jumps after lifting full-year forecast

Groupe Dynamite

09/12/2025 16:47

** Shares of Canadian fashion retailer Groupe Dynamite GRGD.TO up 9.90% to C$86.04

** Co increases 2025 comparable store sales forecast between 25.5% and 27.5% compared to prior forecast of 17% to 19%

** GRGD also declares a one-time special cash dividend of C$2.30 per share

** Co posts higher third-quarter profit, driven by lower freight costs as tariff volatility eased and lower mark downs due to growing demand

** Comparable store sales of 31.6% in Q3, compared with 10.1% growth a year ago

** Q3 revenue jumped 40.3% to C$363 million ($262.3 million) from a year earlier

** 11 of 12 analysts rate the stock "buy" and one "hold"; median PT C$76.25 - data compiled by LSEG

** Including sessions move, GRGD up 359.8% YTD

($1 = 1.3840 Canadian dollars)

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com))