TSX:GBTSpecialty Retail
BMTC Group (TSX:GBT) Stock Faces Earnings Doubts After Q2 Profit Swing
BMTC Group shares came into this earnings print treading water, with a flat week and a weak three month stretch, yet the latest quarter delivered a jolt where it matters most. The retailer swung from a loss in Q1 to basic earnings per share of CA$0.37 on Q2 revenue of CA$184.4m. That jump in profitability, set against a stock at CA$12.50 and a trailing P/E of 10.2x, is forcing investors to decide whether this is a genuine earnings reset or just a brief sentiment sugar high.
Is BMTC Group a...