Q2 2026 North West Company Inc Earnings Call Transcript

Sep 9, 2026 / 12:30 PM GMT

Release Date Price: $38.4 (+9.01%)

Transcript

Key Points

Positve

Consolidated sales increased 5.4%, driven by strong same-store sales gains across all business units.
EBITDA rose 5.4% and adjusted net earnings increased 5%, despite a challenging inflationary environment.
Gross profit improved by 8 basis points as a rate to sales, benefiting from Next 100 initiatives and private label expansion.
Same-store sales in Canadian operations grew 7.4%, supported by government settlement payments and lapping prior-year evacuations.
International operations saw same-store sales gains in all business units, with strong general merchandise sales, particularly in motorized categories.
The company is investing in aircraft fleet renewal, which is expected to lower operating costs and improve efficiency over time.

Negative

Higher fuel prices negatively impacted gross profit and expenses, particularly in northern markets with complex logistics.
Selling, operating, and administrative expenses increased 6% and were up 13 basis points as a rate to sales, driven by wage inflation and higher staff costs.
A non-comparable withholding tax expense reduced net earnings flow-through in the quarter.
Labor productivity remains an area for improvement, with management acknowledging ongoing opportunities to optimize staff costs.
The company faces ongoing inflationary pressures, including higher fuel-related utility costs and depreciation from store renovations.
The timing and magnitude of future settlement payments remain uncertain, with potential for lumpiness in consumer demand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NWC.TO - North West Company Inc
Q2 2026 North West Company Inc Earnings Call
Sep 09, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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All right.

Thank you, operator.

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Unidentified_2 [2]
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Please be advised that this conference call is being recorded. Welcome to the Northwest Company, Inc. Second quarter results conference call.

I would now like to turn the meeting over to Mr. Dan McConnell, President and Chief Executive Officer. Mr. McConnell, please go ahead.

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Unidentified_1 [3]
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