Positive Start to Fiscal Year 2025
Consolidated sales were up 3.9%, and net earnings increased by 2.2% in the first quarter, following a 22.3% increase in net earnings from last year.
Strong Same-Store Sales Gains
Same-store food sales gains of 4% drove consolidated results, with Canadian operations showing a 5.1% increase in same-store food sales.
Gross Profit Growth
Gross profit dollars increased by 7.2% due to sales gains and a 103 basis point increase in gross profit rate.
International Operations Success
International operations delivered strong results with a 2.8% increase in same-store sales and an 11% increase in EBIT for the quarter.
Next 100 Program Progress
The program contributed to more effective promotions and operational improvements, with adjusted net earnings increasing by 14.2%.