Canada's North West Q2 revenue rises as same-store sales grow

North West

08/09/2026 23:25

Overview
Canada food and everyday products retailer's Q2 sales grew 5.4% yr/yr
Adjusted EPS for Q2 increased 2.4% 
Company raised quarterly dividend by 2.4%

Outlook
Company says high fuel-related freight costs may continue to impact results
North West remains focused on expense management and productivity improvements

Result Drivers
SAME-STORE SALES GAINS - Co said Q2 sales growth was driven by a 6.7% increase in same-store sales, with Canadian Operations up 7.4% and International Operations up 5.8%
NEXT 100 INITIATIVES - Co said improvements in gross profit rate were due to refinements in merchandise assortment and procurement as part of its Next 100 initiatives
HIGHER FUEL-RELATED FREIGHT COSTS - Co said unusually high fuel-related freight costs, driven by global fuel prices, negatively affected results

Company press release: ID:nGNXDZgPK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
C$682 mln
C$657.45 mln (2 Analysts)

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$60.00, about 22.2% above its September 8 closing price of C$49.10
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Sept 8 - Tamarack, Headwater forge Canada's Clearwater oil leader with $7.25 billion merger
Sept 8 - United Natural Foods Q4 profit beats on cost cuts, productivity gains 
Sept 8 - Mission Produce Q3 revenue beats estimates on avocado volume growth; results boosted by Calavo acquisition 

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(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.)