Category: Uncategorized

  • BCE: Q2 Earnings Snapshot

    VERDUN, Quebec (AP) — VERDUN, Quebec (AP) — BCE Inc. (BCE) on Thursday reported second-quarter earnings of $418.5 million.

    On a per-share basis, the Verdun, Quebec-based company said it had net income of 46 cents.

    The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

    The Canada’s largest telecommunications company posted revenue of $4.4 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $4.32 billion.

    BCE shares have risen slightly since the beginning of the year. The stock has declined 34% in the last 12 months.

    https://www.barchart.com/story/news/33955031/bce-q2-earnings-snapshot

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  • Canadian Tire Corporation Reports Strong Second Quarter 2025 Results

    ORONTO , Aug. 7, 2025 /CNW/ – Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (CTC or the Company) today announced results for its second quarter ended June 28, 2025 .

    • Consolidated comparable sales 1 growth was 5.6%, led by Canadian Tire Retail (CTR) up 6.4%.
    • Retail Revenue up 5.3% and up 9.0% excluding Petroleum 1 .
    • Diluted Earnings Per Share (EPS) was $2.04 , including a discontinued operations loss of $1.03 ; Q2 Normalized Diluted Earnings Per Share 1 from Continuing Operations was $3.57 .

    “In Q2, Canadians came to us for the great seasonal products and value they were seeking, driving strong sales and revenue growth. In a dynamic consumer environment, customers continued to turn to us for the items they need for life in Canada ,” said Greg Hicks , President and CEO, Canadian Tire Corporation.

    “Our True North strategy is underway and moving at pace. Since March, we have rolled out new store concepts, invested in transformative technology, expanded Triangle Rewards loyalty partnerships, and secured the considerable privilege of stewarding HBC’s great Canadian brands forward. Our team is committed to our Canadian prosperity, and I celebrate their efforts.” 

    SECOND-QUARTER HIGHLIGHTS

    • Consolidated comparable sales were up 5.6%, with growth in all banners and provinces led by CTR in Western Canada .
      • CTR comparable sales 1  were up 6.4% in the Company’s most discretionary quarter, with strong growth across CTR’s four largest divisions. Being ready for spring/summer drove growth of more than 8% in Seasonal and Gardening. Automotive grew for the 20th consecutive quarter.
      • SportChek delivered its fourth consecutive quarter of comparable sales 1  growth, up 3.9%, driven by sales of footwear and hardgoods categories, such as golf.
      • Mark’s comparable sales 1 were up 1.0%. Industrial footwear and workwear categories grew, partially offset by softer casualwear and outerwear sales.
    • Loyalty sales outpaced non-loyalty sales growth in the quarter; both saw strong growth as Canadians made more trips to CTC banners.
    • Retail Revenue was up 5.3% or 9.0% excluding Petroleum, as the business responded to sales growth.
    • Diluted EPS was $2.04 , down $1.52 mainly due to the $1.03 loss on discontinued operations for results up to the May 31 st completion of the Helly Hansen sale and expenses related to the Company’s True North transformation.
    • Normalized for the True North expenses, Diluted EPS (Continuing Operations) was $3.57 , down $0.15 . Normalized IBT 1 was down $10.9 million to $296.0 million . Growth in normalized retail IBT of $17.6 million was more than offset by lower income from other segments, including lower Financial Services IBT due to investments in the business.
    • Retail Return on Invested Capital (ROIC), 1 calculated on a trailing twelve-month basis, was 10.3%, compared to 9.0% at the end of Q2 2024. This was driven by increased earnings and lower invested capital.

    https://www.barchart.com/story/news/33953883/canadian-tire-corporation-reports-strong-second-quarter-2025-results

  • WSP Reports Q2 2025 Results

    • Strong free cash flow generation
    • Robust margin expansion with an 80 basis points increase in adjusted EBITDA margin
    • Enhanced financial outlook with adjusted EBITDA now expected to reach the higher end of the range

    MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world’s leading professional services firms, today announced financial results for the second quarter and six-month period ended June 28, 2025.

    WSP delivered strong performance in Q2 2025 including an 80 basis points increase in adjusted EBITDA margin(2), when compared to Q2 2024. Free cash inflow increased significantly over the prior year while days sales outstanding (“DSO”) reached a historical best for a second quarter of any of the Corporation’s fiscal years. The 2025 financial outlook for adjusted EBITDA is now expected to reach the higher end of the range.

    https://www.barchart.com/story/news/33938520/wsp-reports-q2-2025-results

  • RB Global Reports Second Quarter 2025 Results

    RB Global, Inc. (NYSE & TSX: RBA, the “Company”, “RB Global”, “we”, “us”, “their”, or “our”) reported the following results for the three months ended June 30, 2025.

    “I am pleased to report that we continued to gain automotive market share in the second quarter, with total automotive unit volume increasing 9% year-over-year,” said Jim Kessler, CEO of RB Global. “Our teammates delivered another strong quarter, consistently over delivering against all our partner and customer expectations.”

    “We drove strong operating leverage in the quarter resulting in solid financial performance,” said Eric J. Guerin, Chief Financial Officer. “Our ability to execute in a shifting macro environment highlights our teammates’ dedication to our customers and partners.”

    Second Quarter Financial Highlights 1,2,3 :

    • Total gross transaction value (“GTV”) increased 2% year over year to $4.2 billion.
    • Total revenue increased 8% year over year to $1.2 billion.
      • Service revenue increased 3% year over year at $887.2 million.
      • Inventory sales revenue increased 26% year over year to $298.8 million.
    • Net income decreased 1% year-over-year to $109.7 million.
    • Net income available to common stockholders decreased 1% year over year to $99.5 million.
    • Diluted earnings per share available to common stockholders decreased 2% to $0.53 per share.
    • Diluted adjusted earnings per share available to common stockholders increased 14% year over year to $1.07 per share.
    • Adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 7% year over year to $364.5 million.

    https://www.barchart.com/story/news/33934688/rb-global-reports-second-quarter-2025-results

  • QSR: Restaurant Brands earnings miss estimates, but international division shines

    • Restaurant Brands International on Thursday reported mixed quarterly results.
    • Popeyes reported same-store sales declines.
    • There was strong demand internationally and at Tim Hortons.

    Restaurant Brands International on Thursday reported mixed quarterly results, as same-store sales declines for Popeyes were offset by strong demand internationally and at Tim Hortons.

    Here’s what the company reported for the period ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

    • Earnings per share: 94 cents adjusted vs. 97 cents expected
    • Revenue: $2.41 billion vs. $2.32 billion expected

    Restaurant Brands reported second-quarter net income attributable to shareholders of $189 million, or 57 cents per share, down from $280 million, or 88 cents per share, a year earlier.

    Excluding transaction costs from its acquisition of Burger King China and other one-time costs, the company earned 94 cents per share.

    Net sales climbed 16% to $2.41 billion.

    The company’s same-store sales, which only tracks the metric at restaurants open at least a year, rose 2.4% during the quarter.

    CEO Josh Kobza told CNBC that Restaurant Brands has seen a “modest improvement” in the consumer environment compared to the first quarter, when the company’s three largest brands saw same-store sales decline.

    This quarter, Restaurant Brands’ international restaurants reported same-store sales growth of 4.2%.

    Tim Hortons, which accounts for more than 40% of Restaurant Brands’ total revenue, reported same-store sales growth of 3.4%.

    Burger King reported same-store sales growth of 1.3%. Its U.S. division, which has been in turnaround mode for nearly three years, saw same-store sales increase by 1.5%. More than half of its U.S. restaurants have been renovated since the turnaround began; the burger chain aims to have 85% of its U.S. footprint upgraded by 2028.

    Popeyes was the laggard of the portfolio for the most recent quarter, reporting same-store sales declines of 1.4%. But the fried chicken chain’s results have improved compared with the first three months of the year, when its same-store sales slid 4%. To lift sales in the second half of the year, Popeyes has a “bunch of innovation” on its schedule, Kobza said.

    For the full year, Restaurant Brands reiterated its forecast, anticipating that it will spend between $400 million and $450 million on consolidated capital expenditures, tenant inducements and other incentives. The company also said that it still expects to reach its long-term algorithm, which projects 3% same-store sales growth and 8% organic adjusted operating income growth on average between 2024 and 2028.

    This story is developing. Please check back for updates.

  • Brookfield Asset Management Announces Strong Second Quarter Results

    EW YORK, Aug. 06, 2025 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, today announced financial results for the quarter ended June 30, 2025.

    Connor Teskey, President of Brookfield Asset Management, stated, “Our second quarter results highlight the continued momentum and strength of our business. Fee-related earnings were up 16%, with distributable earnings up 12%. We have announced sales of over $55 billion of assets to date in 2025, demonstrating the robust demand for great businesses in sectors where we hold leadership positions.”

    He continued, “As the secular trends of decarbonization, deglobalization, and digitalization continue to accelerate, we are extending our leadership by forming large-scale, proprietary investment partnerships with governments, corporates and institutions. These themes are driving significant investment activity and fundraising momentum, positioning us to deliver strong long-term value for both our clients and our shareholders.”

    https://www.barchart.com/story/news/33916275/brookfield-asset-management-announces-strong-second-quarter-results

  • PREMIUM BRANDS HOLDINGS CORPORATION REPORTS RECORD SECOND QUARTER SALES AND ADJUSTED EBITDA, DECLARES THIRD QUARTER DIVIDEND

    QUARTER HIGHLIGHTS

    • Record second quarter revenue of $1.9 billion representing a 12.5%, or $212.2 million , increase as compared to the second quarter of 2024
      Solid progress on Specialty Foods’ core U.S. growth initiatives in protein and artisan baked goods, which for the quarter generated organic volume growth rates of 15.0% and 98.1%, respectively. Specialty Foods’ U.S. year-over-year growth rate for sandwich products was impacted by channel fill sales associated with a major new product launch in the second quarter of 2024
      Including acquisitions, Specialty Foods’ total U.S. sales, which represented 64.3% of its second quarter sales, grew by $140.5 million to $843.7 million
      Record second quarter adjusted EBITDA 1 of $177.1 million representing a 7.6%, or $12.5 million , increase as compared to the second quarter of 2024, despite significant protein cost inflation challenges
      Second quarter adjusted EPS 1 of $1.33 per share representing a 3.9%, or $0.05 per share, increase as compared to the second quarter of 2024

    https://www.barchart.com/story/news/33918312/premium-brands-holdings-corporation-reports-record-second-quarter-sales-and-adjusted-ebitda-declares-third-quarter-dividend-and-announces-completion-of-tennessee-sandwich-plant-sale-and-leaseback

  • Thomson Reuters: Q2 Earnings Snapshot

    TORONTO (AP) — TORONTO (AP) — Thomson Reuters Corp. (TRI) on Wednesday reported second-quarter earnings of $313 million.

    On a per-share basis, the Toronto-based company said it had net income of 69 cents. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

    The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

    The news and financial information company posted revenue of $1.79 billion in the period, meeting Street forecasts.

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    This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRI at https://www.zacks.com/ap/TRI

  • iA Financial Group Reports Second Quarter Results and a 10% Increase in Its Common Dividend

    For the second quarter ended June 30, 2025, iA Financial Group (TSX: IAG) recorded core diluted earnings per common share (EPS) †† of $3.49, which is 27% higher than the same period in 2024 and well above the medium-term annual average growth target of 10%+. 4 Core return on common shareholders’ equity (ROE) †† for the trailing 12 months was 17.0%, in line with the 2027 target of 17%+. 4 Second quarter net income attributed to common shareholders was $321 million, diluted EPS was $3.43 and ROE for the trailing 12 months was 14.7%. The solvency ratio 6 was 138% 3 at June 30, 2025, highlighting a strong capital position.

    “We are proud of our very strong second-quarter results, which reflect the effectiveness of our diversified business model and the disciplined execution of our growth strategy across all of our operating segments,” commented Denis Ricard, President and CEO of iA Financial Group. “We remain focused on strategic capital deployment, including our intention to acquire RF Capital Group, an active share buyback program, and a 10% increase in our common share dividend, all aligned with our commitment to delivering long-term value to our shareholders.”

    https://www.barchart.com/story/news/33901798/ia-financial-group-reports-second-quarter-results-and-a-10-increase-in-its-common-dividend