The Canadian Investor
Canadian Stocks We Like
Nov 28, 2024
The hosts dive into recent Q3 earnings from notable Canadian stocks, unpacking the impacts of economic trends on company performance. They explore the challenges of corporate acquisitions, particularly focusing on WSP and the dynamics within the Canadian market. Key investment insights reveal transformations, such as Shopify's shift to recurring revenue. Additionally, they discuss how tough economic times are reshaping consumer behavior and the resilience of companies like MDA Space. Stay tuned for a Black Friday promotion and portfolio updates!
51:55
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Quick takeaways
- Kushtar faced disappointing earnings despite revenue growth, highlighting the challenges convenience stores experience amid tightening consumer spending.
- WSP's impressive growth, driven by a strong backlog and acquisition, positions it well for future expansion in the competitive market.
Deep dives
Kushtar's Earnings Miss
Kushtar reported a disappointing quarter, experiencing declines in earnings despite a slight increase in revenue. The company's same-store sales fell across various regions, indicating challenges faced by convenience stores as consumer spending tightened. While the revenue climbed by 6%, expenses outpaced growth, with selling, general, and administrative costs increasing by 12.5%. Although the earnings performance was weak, the company raised its dividend by 11.4%, marking the smallest growth since early pandemic times.
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