Strong Revenue and Earnings Growth
Consolidated revenue growth was 5.2%, reaching $14.5 billion, with adjusted EBITDA increasing by 7.4% to $1.8 billion. Adjusted diluted earnings per share grew by 11.6% to $2.40, and GAAP net earnings per share increased by 60%.
Expansion and Market Share Gains
Opened 20 out of 80 planned new stores for the year, contributing to a 5.8% increase in food retail sales and significant tonnage market share gains.
Innovative Technology Integration
Implemented AI-driven solutions in supply chain operations and introduced a new tool, Robin, to enhance store-level decision-making and efficiency.
PC Financial Performance
PC Financial revenue increased by 2.7%, and adjusted earnings before tax increased by 87.5% due to higher revenue and lower operating costs.
Successful International Expansion
The Seattle TNT store exceeded expectations, and more stores are planned for the U.S., with six confirmed locations.