Groupe Dynamite reported a profit of $40.4 million in its third quarter, up from $34.9 million in the same quarter last year. Chief executive and chair Andrew Lutfy says that following a strong summer season, the company’s momentum continued into the third quarter with strong revenue and comparable store sales growth. The company, which made its debut on the Toronto Stock Exchange last month, says the profit amounted to 38 cents per diluted share for the quarter ended Nov.
2, up from 32 cents per diluted share a year earlier. Revenue for the quarter totalled $258.8-million, up from $220.1-million in the same quarter last year.On an adjusted basis, Groupe Dynamite says it earned 41 cents per diluted share, up from an adjusted profit of 33 cents per diluted share a year earlier. Pfizer also reported on Tuesday forecast 2025 profits roughly in line with Wall Street expectations, offering some relief to investors after a tumultuous year during which it attracted criticism from activist hedge fund Starboard Value. Shares of Pfizer rose after the drugmaker also said it was expecting 2025 sales of its COVID-19 vaccine and drug to be consistent with 2024 levels. The company expects adjusted profit of US$2.80 to US$3 per share, compared with analysts’ average estimate of US$2.88 per share, according to data compiled by LSEG. Pfizer has been reining in costs and shedding non-core businesses to pay down debt as it rebuilds itself after a sharp slump in sales of COVID-19 products. Its shares have fallen nearly 12 per cent this year and trade at less than half their value during the peak of the COVID-19 pandemic. That has left it open to investor criticism, with Starboard in October saying that Pfizer’s management has over-spent on big acquisitions and failed to produce profitable new drugs from those deals or from its internal research and development
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