Canada's North West Company Q1 sales miss estimates as foreign exchange impacts results

North West

09/06/2026 22:42

Overview
Canada food retailer's Q1 sales fell 1.5% and missed analyst expectations
Q1 diluted EPS rose to C$0.56 from C$0.53 yr/yr
Net earnings rose as gross profit rate improved and asset sale boosted results

Outlook
Company says rising fuel costs and government investment pace may impact near-term results

Result Drivers
CONSOLIDATED SALES- Decreased compared to last year due to the impact of foreign exchange on the translation of International Operations sales and a decrease in Canadian Operations sales
INTERNATIONAL SAME-STORE SALES - Q1 same-store sales growth in International Operations offset some weakness in Canadian Operations, per CEO Dan McConnell
CANADIAN SALES HEADWINDS - Sales in Canadian Operations fell due to the end of the Inuit Child First Initiative food voucher program and lower funding from related programs
MERCHANDISE ASSORTMENT CHANGES - Gross profit rate improved due to changes in merchandise assortment and procurement, including more private label products

Company press release: ID:nGNX2Cy74B

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
C$631.60 mln
C$643.83 mln (3 Analysts)
Q1 EPS
 
C$0.56
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food retail & distribution peer group is "buy"
Wall Street's median 12-month price target for North West Company Inc is C$63.00, about 18.1% above its June 9 closing price of C$53.36
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)