The earnings call presented a strong performance in Canadian operations and effective expense management, contributing to significant financial growth. However, international operations faced economic challenges and inflationary pressures, with uncertainties affecting the future outlook.
Company Guidance
During the earnings call for The North West Company Inc., guidance for the upcoming quarter was provided with a cautious outlook. While the third quarter saw a strong performance with consolidated sales increasing by 5.1% and net earnings up by 26%, the company anticipates the fourth quarter results to be in line with the previous year's fourth quarter but below the exceptional third quarter results. This outlook is influenced by several headwinds, including the uncertain continuation of government inflation relief payments, a higher effective tax rate, and reduced third-party cargo and charter revenue. However, potential tailwinds such as lapping the previous year's inflation impact on gross profit rate and anticipated consumer demand from First Nations drinking water settlement payments may help offset some challenges. Despite these uncertainties, the company remains committed to operational excellence and strategic initiatives to drive long-term growth and efficiency.
Strong Canadian Operations Performance
Sales in Canada increased by 9.5% in total and 10.1% on a same-store basis, driven by a 9% increase in same-store sales and 16% increase in general merchandise same-store sales.
Consolidated Financial Growth
Consolidated sales were up 5.1%, and net earnings increased by 26%. Gross profit increased by 10% in dollars and 148 basis points as a rate of sales.
North Star Air Success
North Star Air experienced both top and bottom line growth, driven by increases in third-party cargo contracts and higher charter passenger volumes.
Expense Management
Expenses were well-controlled with only a 10 basis point increase as a rate to sales despite inflationary pressures, contributing to a 24% increase in EBIT and an 18.8% increase in EBITDA.
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North West (TSE:NWC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:NWC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 10, 2024
C$51.75
C$50.16
-3.07%
Sep 04, 2024
C$44.93
C$48.14
+7.14%
Jun 05, 2024
C$37.96
C$38.04
+0.21%
Apr 10, 2024
C$38.48
C$37.34
-2.96%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does North West Company (TSE:NWC) report earnings?
North West Company (TSE:NWC) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is North West Company (TSE:NWC) earnings time?
North West Company (TSE:NWC) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.