The Globe and Mail reports in its Thursday edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Groupe Dynamite. The Globe's David Leeder writes that Mr. Landry's share target soared $16 to $96. Analysts on average target the shares at $79.25. Mr. Landry says in a note: "Groupe Dynamite reported Q3FY25 comparable-store sales growth of 28.6 per cent year-over-year (on a constant currency basis), above our expectations of 26 per cent and consensus of 26.8 per cent. With low inventory levels and quick turnaround times, Group Dynamite can pivot rapidly and offer products aligned with current trends. The company has also extended its 'off-duty' product selection with a wide offering of athleisure products. These clearly resonate with customers. Sales momentum is continuing into Q4 at the same pace as Q3, which suggests that there could be upside our estimate of 24-per-cent same-store-sales growth under a scenario where the Q3/25 pace is sustained during all of Q4/25. Management's full-year comparable sales guidance suggests a growth of 19 to 27 per cent for Q4/25. Q3FY25 gross margin improved 310 basis points year-over-year to reach 66.1 per cent, the highest level in more than three years."
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