The North West Company Inc. Announces Fourth Quarter Earnings and a Quarterly Dividend
WINNIPEG, Manitoba, April 09, 2025 (GLOBE NEWSWIRE) -- (TSX:NWC): The North West Company Inc. (the "Company" or "North West") today announced its unaudited financial results for the fourth quarter ended January 31, 2025 and released its 2024 Annual Report and Annual Information Form. The Annual Report includes the Company's Annual Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended January 31, 2025. These documents are available on the Company's profile on the SEDAR+ website at www.sedarplus.ca and on the Company's website at www.northwest.ca. It also announced that the Board of Directors has declared a dividend of $0.40 per share to be paid on April 24, 2025 to shareholders of record on April 16, 2025.
CEO Comments on Fourth Quarter Results and Annual Results
"Our strong sales and earnings this quarter reflect solid performance across all North West Company banners", commented President & CEO Dan McConnell. "We're seeing early momentum from our Next 100 program, with new technologies improving on-shelf availability and our private label launch already delivering real value through more choice at better prices. Looking ahead, we're focused on building on this foundation and expanding our private label offering to ensure customers continue to have access to quality products at a better value, which is even more important in the current economic environment."
Fourth Quarter and Annual Results
The following table provides a summary of selected information for the 2024 fourth quarter and annual results. Further information on the fourth quarter and annual financial performance is provided in the 2024 Annual Report available on the Company's website at www.northwest.ca or on SEDAR+ at www.sedarplus.ca.
Selected Fourth Quarter(3) and Annual Information
Three Months
Three Months
Twelve Months
Twelve Months
Ended
Ended
Ended
Ended
($ in thousands, except per share)
January 31, 2025
January 31, 2024
January 31, 2025
January 31, 2024
Sales
$
674,886
$
643,109
$
2,576,344
$
2,471,678
Same store sales % increase(2)
5.4
%
1.4
%
4.4
%
2.9
%
Gross profit
$
234,801
$
214,692
$
868,324
$
809,419
Selling, operating and administrative expenses
(174,060
)
(162,995
)
(658,778
)
(613,522
)
EBITDA(1)
90,399
79,136
325,165
301,173
Earnings from operations
60,741
51,697
209,546
195,897
Interest expense
(4,705
)
(4,894
)
(18,301
)
(19,051
)
Income taxes
(13,230
)
(10,792
)
(47,992
)
(42,555
)
Net earnings
42,806
36,011
143,253
134,291
Net earnings attributable to shareholders of the Company
41,094
34,492
137,296
129,391
Net earnings per share - basic
0.86
0.72
2.87
2.71
Net earnings per share - diluted
0.85
0.71
2.83
2.67
Cash flow from operating activities
108,282
90,481
260,625
230,427
Cash flow used in investing activities
(52,627
)
(41,606
)
(131,004
)
(107,701
)
Cash flow used in financing activities
(57,177
)
https://www.benzinga.com/pressreleases/25/04/g44721033/the-north-west-company-inc-announces-fourth-quarter-earnings-and-a-quarterly-dividend
