North West Company Posts Strong Q2 Results and Dividend Hike

North West (TSE:NWC) has released an update.

The North West Company reported a positive second quarter with a 4.6% increase in consolidated sales and a 7.5% rise in gross profit, alongside a raise in its quarterly dividend to $0.40 per share. The company saw a robust performance in its Canadian operations, with a notable 6.8% growth in same-store sales, signaling resilience amidst economic uncertainties. Despite cost inflation and some operational challenges, North West is optimistic about its strategic focus on operational excellence and its potential to mitigate near-term pressures.

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