The Laval, Que.-based firm, which retains its books in U.S. {dollars}, says its complete income got here in at US$21.7 billion for the primary quarter, rising year-over-year from US$17.3 billion. Couche-Tard says its complete merchandise and repair income amounted to US$4.9 billion, in contrast with US$4.7 billion throughout final yr’s first quarter.
In July, Couche-Tard made an US$8.6-billion supply for a controlling stake in Polish comfort retailer operator Zabka Group. Alex Miller, Couche-Tard CEO, says the corporate is trying ahead to welcoming Zabka into the Couche-Tard household, which is able to improve its capabilities in meals and digital engagement whereas increasing its scale in central and japanese Europe.
Lululemon cuts outlook as Q2 revenue, revenues drop
Lululemon Athletica Inc. (TSX:LULU.TO)
Numbers for its second quarter:
- Revenue: $329.2 million (down from $370.9 million a yr in the past)
- Income: $2.4 billion (down 4% from a yr in the past)
Lululemon Athletica Inc. says its second-quarter revenue and revenues dropped from final yr and the corporate is chopping its full-year steering.
The Vancouver-based retailer, which retains its books in U.S. {dollars}, reported web earnings of US$329.2 million in its second quarter, in contrast with US$370.9 million a yr earlier. The outcome for the interval ended Aug. 2 amounted to earnings per diluted share of US$2.92, down from US$3.10 a yr earlier.
Its web income was US$2.4 billion, down about 4% from its prior second quarter.
The corporate additionally downgraded its outlook for 2026, saying it now expects web income for the total yr to be within the vary of US$10.35 billion to US$10.50 billion, and diluted earnings per share to be between US$9.48 and US$9.73.
Lululemon is days away from former Nike government Heidi O’Neill taking over the chief government submit. Over the summer season, it signed an settlement with estranged founder Chip Wilson to place two of his three nominees on the corporate’s board, in alternate for the entrepreneur quelling his assaults on the model.
BRP stories $136.8M second-quarter loss, raises full-year steering
BRP Inc. (TSX:DOO)
Numbers for its second quarter:
- Loss: $136.8 million (down from revenue of $57.1 million a yr in the past)
- Income: $2.24 billion (up from $1.89 billion a yr in the past)
BRP Inc. raised its full-year steering because it reported a lack of $136.8 million in its newest quarter, in contrast with a revenue of $57.1 million a yr in the past. The Ski-Doo and Sea-Doo maker says the loss amounted to $1.88 per diluted share for the quarter ended July 31, in contrast with a revenue of 79 cents per share a yr earlier.
BRP’s normalized outcome for the quarter amounted to a lack of 18 cents per diluted share, in contrast with a normalized revenue of 92 cents per diluted share a yr in the past.
Income for the quarter totalled $2.24 billion, up from $1.89 billion in the identical quarter final yr. In its outlook for its full yr, BRP says it now expects income to complete between $9.225 billion and $9.475 billion, up from earlier expectations for between $9.125 billion and $9.375 billion.
The corporate additionally says it now expects normalized earnings between $4 and $4.50 per diluted share for its full yr, up from earlier steering for between $3 and $3.50 per diluted share.
BRP’s newest monetary outcomes got here as the corporate mentioned Sébastien Martel will step down as chief monetary officer and get replaced by Minh Thanh Tran, efficient Oct. 1. Martel will function an government adviser to the chief government till his retirement in April subsequent yr. Tran joined BRP in 2017 and has labored throughout the corporate together with company technique, mergers and acquisitions and product technique.
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