Groupe Dynamite Drops as GRGD Investors Look Past 37% Jump in Revenue
Groupe Dynamite Inc. shares plunged Tuesday, down 33.06% to CA$49.83 by 12:53 p.m. EDT, even as the Montreal retailer posted a much stronger first quarter. The TSX-listed name, ticker GRGD, hit a session low of CA$48.33 earlier. Google Finance was showing a market cap of CA$5.65 billion at that price, with a price-to-earnings ratio of 22.62. P/E shows how much investors pay per dollar of profit. Groupe Dynamite posted a strong quarter. The company reported revenue up 37.0% to CA$310.6 million for the 13 weeks ended May 2. Comparable store sales climbed 22.6%. Gross margin hit 67.4%, up 530 basis points. Adjusted EBITDA increased 71.3% to CA$114.4 million. CEO and board chair Andrew Lutfy said the quarter showed the “strength of our operating model.” President and COO Stacie Beaver said, “Q1 was a strong start to fiscal 2026.”
