- Comparable store sales (1) growth of 30.8% in the first 9 weeks of Q4 fiscal 2025
- Full year 2025 guidance updated on comparable store sales growth (26.5% to 27.0%) and adjusted EBITDA margin (1) (36.0% to 37.0%)
- Significant online revenue growth, outpacing brick-and-mortar revenue growth in Q4 to date
- UK e-commerce platform and UK brick-and-mortar launches planned for the latter part of Q1 2026
- Total year-end store count expected to be at 307, reflecting 20 openings and 9 net new stores
MONTRÉAL, Jan. 12, 2026 /CNW/ – Groupe Dynamite Inc. (“Groupe Dynamite” or the “Company”) (TSX:GRGD) today announced comparable store sales growth of 30.8% for the first 9 weeks of the fourth quarter (“Q4”) of the Company’s fiscal year ending January 31, 2026 (“fiscal 2025”), ended on January 3, 2026. On a year-to-date basis, and with only four weeks remaining in fiscal 2025, comparable store sales growth stands at 26.6%, also as at January 3, 2026.
On that basis, Groupe Dynamite is updating fiscal 2025 comparable store sales growth guidance to a range of 26.5% to 27.0%. Furthermore, based on strong year-to-date performance and improved visibility for the remainder of the fiscal year, the Company is raising by 100 bps the lower end of its fiscal 2025 adjusted EBITDA margin guidance to 36.0%, with the range now expected to be between 36.0% and 37.0%.
Turning to digital, during those same 9 weeks, online revenue growth significantly outpaced brick-and-mortar revenue growth, resulting in a higher online penetration rate versus the prior year. This performance underscores strong customer engagement across digital channels. As a reminder, the Company’s comparable sales metric reflects the performance of the brick-and-mortar channel only.
With respect to real estate activity, the Company expects 20 gross store openings and 11 store closures, resulting in 9 net new store openings for fiscal 2025 and bringing total expected store count to 307 at year end. All store openings to date were under the Garage banner and located in the United States.
Lastly, the Company is revising its previously communicated fiscal 2025 capital expenditure guidance to a range of $80.0 million to $90.0 million, from $85.0 million to $95.0 million, mainly reflecting payments timing.
“Our values-led culture continues to drive disciplined execution, resulting in strong holiday performance. This momentum, supported by our selective real estate strategy and rising digital engagement, is driving meaningful margin expansion and reflects the strength of our luxury-inspired operating model. As we close out fiscal 2025, we’re preparing to launch UK e-commerce in Q1 and look forward to opening our first UK stores also later in Q1,” added Stacie Beaver, President and Chief Operating Officer.
The table below outlines the Company’s revised financial annual guidance ranges for fiscal 2025, replacing our previously disclosed guidance (2):
|
Revised Fiscal 2025 Guidance |
Prior Fiscal 2025 Guidance |
|
|
Real estate activity
|
↑ 20 gross new store openings ↑ 9 net new store openings |
18 to 20 gross new store openings 8 to 9 net new store openings |
|
Comparable store sales growth |
26.5% to 27.0% |
25.5% to 27.5% |
|
Adjusted EBITDA margin |
↑ 36.0% to 37.0% |
35.0% to 37.0% |
|
CAPEX (1) |
↓ $80.0 to $90.0 million |
$85.0 to $95.0 million |
Groupe Dynamite intends to release its full financial results for Q4 and fiscal 2025 on or around Wednesday, April 1, 2026, before markets open, followed by a conference call with management to discuss the results on the same day. All information regarding the earnings call will be provided at a later date. The Company also intends to provide financial and operational guidance for the 52-week period ending …