Discount store operators have seen steady demand, even as other retailers struggled with softer sales as cost-conscious consumers increasingly stick to a budget when shopping.
Excluding items, Dollarama posted an adjusted profit of $1.15 per share for the quarter, above expectations of $1.06 per share. The Waterloo, Ont.-based security software provider announced revenue of US$173-million, exceeding the consensus estimate on the Street of US$154.8-million, according to LSEG data. Adjusted net income came in at US$16-million versus analysts’ expectation of a loss of US$22.4-million, while adjusted earnings per share of 3 US cents was also stronger than anticipated .
The No. 2 U.S. automaker said the delay “will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology.” Separately, Ford said it will delay deliveries of an all-new EV truck it will build at a new plant in western Tennessee until 2026. Ford said last year it planned to begin production in late 2025 and build up to 500,000 electric trucks annually.
However, Chief Financial Officer Harmit Singh said the jeans maker was “feeling good” about a more “stable” U.S. consumer in an interview with Reuters on Wednesday.. Higher full-price sales and lower product costs led Levi’s gross margins to rise by 240 basis points to 58.2 per cent in the first quarter, from 55.8 per cent a year earlier.
Shares of the Slim Jim beef jerky maker jumped after the company also raised its annual adjusted operating margin forecast and said its cost-saving attempts were paying off. Volumes in its grocery and snacks segment fell 0.8 per cent, compared with a 3.7-per-cent decrease in the second quarter. Excluding items, the company posted third-quarter profit of 69 US cents per share, topping the Street estimate of 65 US cents.) gained ground after Elliott Investment Management’s managing partner Jesse Cohn said on Wednesday he believes e-commerce platform will generate “significant, multi-year upside.”
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