Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$56.34, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Specialty Retail industry in Canada. Total returns to shareholders of 71% over the past year. Recent Insider Transactions • Jul 24
Independent Director recently bought CA$3.0m worth of stock On the 22nd of July, Andy Janowski bought around 60k shares on-market at roughly CA$49.51 per share. This transaction increased Andy's direct individual holding by 145x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$250m more in shares than they bought in the last 12 months. Live News • Jul 24
Martin Kon Joins Groupe Dynamite Board to Advance Data and AI Initiatives Groupe Dynamite appointed Martin Kon, former President and COO of Cohere and ex-YouTube executive, to its Board of Directors, effective immediately, adding AI and technology experience to its leadership.
The company plans to use data and AI across its GARAGE and DYNAMITE retail operations to support scaling its business and pursue international growth while maintaining a focus on disciplined growth.
Groupe Dynamite’s shares trade at CA$47.94, with the stock down 40.8% year to date.
The addition of an AI-focused executive such as Kon indicates that Groupe Dynamite is aligning board oversight with its plans to integrate data and AI more deeply into its operating model. This may influence how it operates stores and evaluates international opportunities, while also introducing execution risk related to technology investment and integration. Announcement • Jul 23
Groupe Dynamite Inc. Announces Appointment of Martin Kon to Board of Directors, Effective July 22, 2026 Groupe Dynamite Inc. announced that Mr. Martin Kon, former President and Chief Operating Officer of Cohere, a leading independent AI company focused on security and sovereignty, headquartered in Toronto, was appointed to the Company's Board of Directors, effective July 22, 2026. Mr. Kon is a board director, researcher and strategic advisor to a select portfolio of operational and capital market leaders, with a focus on enterprise reinvention in the age of AI. He currently serves as an industry advisor to KKR, a member of the Client Advisory Council at J.P. Morgan Advisors and a member of the McGill Desautels International Advisory and Advancement Board. In October 2026, he will begin doctoral research at the University of Cambridge, exploring “The Reinvention Paradox in the Age of AI.” Most recently, Mr. Kon served as President, Chief Operating Officer and a member of the Board of Directors of Cohere. During his tenure, he helped scale the company from its pioneering research roots into a leading transatlantic sovereign AI company, valued at a reported $20 billion as of April 2026. Before joining Cohere, he served as Chief Financial Officer (internally, Business Finance Officer) of YouTube at Google/Alphabet, overseeing global strategy, finance, business operations and data analytics during a period in which YouTube scaled to more than $40 billion in annual revenue while substantially improving its operating margins. Live News • Jul 07
Groupe Dynamite Opens Largest Garage Store in Manhattan Plans Boston and DC Flagships Groupe Dynamite is shifting its retail focus to large flagship locations, opening its biggest Garage Clothing store in Manhattan’s Flatiron District and planning similar high-profile stores in Boston and Washington, D.C.
The company is prioritizing fewer, higher-performing stores that act as both shopping destinations and brand showcases, emphasizing direct customer relationships over a larger overall store count.
Groupe Dynamite shares trade at about CA$50.93, with the stock down roughly 37.2% year to date.
This flagship push indicates that Groupe Dynamite is concentrating capital and attention on marquee U.S. markets. This can lift brand visibility but also concentrates risk in fewer, high-cost locations if store traffic or customer response does not meet expectations. Reported Earnings • Jun 18
First quarter 2027 earnings: EPS misses analyst expectations First quarter 2027 results: EPS: CA$0.47 (up from CA$0.25 in 1Q 2026). Revenue: CA$310.6m (up 37% from 1Q 2026). Net income: CA$51.7m (up 89% from 1Q 2026). Profit margin: 17% (up from 12% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Specialty Retail industry in Canada. Live News • Jun 18
Groupe Dynamite Stock Falls Despite 37% Revenue Growth and Record Profit Margins in Q1 2026 Groupe Dynamite reported Q1 2026 revenue growth of 37%, supported by aggressive store expansion and strong US market performance.
Comparable store sales rose 22.6% in Q1, with e-commerce and international expansion contributing to the company’s highest gross margin in four years at 67.4%.
Adjusted EBITDA margin reached 36.8%, and full-year adjusted EBITDA margin guidance was raised to a range of 38.25% to 39.50%, even as the stock fell 32% to a nine-month low after a reported revenue miss.
The contrast between Groupe Dynamite’s strong margin performance and upgraded EBITDA outlook on one side, and the sharp share price reaction to a revenue miss on the other, highlights how tightly the stock is trading around expectations.
Investors may want to watch how the market reassesses the company if it maintains higher margins and continues to see outperformance from new stores while working to align reported revenue with prior forecasts. Price Target Changed • Jun 17
Price target decreased by 18% to CA$87.54 Down from CA$107, the current price target is an average from 13 analysts. New target price is 73% above last closing price of CA$50.47. Stock is up 122% over the past year. The company is forecast to post earnings per share of CA$3.15 for next year compared to CA$2.33 last year. New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (CA$253m sold). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$66.57, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Specialty Retail industry in Canada. Total returns to shareholders of 318% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$97.49 per share. Announcement • May 26
Groupe Dynamite Inc. to Report Q1, 2027 Results on Jun 16, 2026 Groupe Dynamite Inc. announced that they will report Q1, 2027 results Pre-Market on Jun 16, 2026 Buy Or Sell Opportunity • May 25
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to CA$76.53. The fair value is estimated to be CA$63.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$80.26, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Specialty Retail industry in Canada. Total returns to shareholders of 443% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$63.62 per share. Recent Insider Transactions • Apr 29
Chair of the Board & CEO recently sold CA$251m worth of stock On the 27th of April, Andrew Lutfy sold around 3m shares on-market at roughly CA$93.00 per share. This transaction amounted to 78% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions • Apr 15
Chief Technology Officer recently sold CA$1.7m worth of stock On the 14th of April, David Stevens sold around 18k shares on-market at roughly CA$91.75 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.9m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Apr 15
Chief Financial Officer exercised options and sold CA$2.9m worth of stock On the 10th of April, Jean-Philippe Lachance exercised 34k options at a strike price of around CA$4.29 and sold these shares for an average price of CA$89.09 per share. This trade did not impact their existing holding. Since June 2025, Jean-Philippe has owned 7.47k shares directly. Company insiders have collectively sold CA$15m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 08
Groupe Dynamite Inc., Annual General Meeting, Jun 16, 2026 Groupe Dynamite Inc., Annual General Meeting, Jun 16, 2026. Reported Earnings • Apr 04
Full year 2026 earnings released: EPS: CA$2.33 (vs CA$1.26 in FY 2025) Full year 2026 results: EPS: CA$2.33 (up from CA$1.26 in FY 2025). Revenue: CA$1.31b (up 37% from FY 2025). Net income: CA$252.2m (up 86% from FY 2025). Profit margin: 19% (up from 14% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Specialty Retail industry in Canada. Announcement • Apr 01
Groupe Dynamite Inc. Provides Earnings Guidance for the Fiscal Year 2026 Ending on January 30, 2027 Groupe Dynamite Inc. provided earnings guidance for the fiscal year 2026 ending on January 30, 2027. For the year, the company provided comparable store sales growth guidance to a range of 11.0% to 14.0% and Total revenue growth of 22.0% to 25.0%. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$63.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Specialty Retail industry in Canada. Total returns to shareholders of 390% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$73.17 per share. Buy Or Sell Opportunity • Feb 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to CA$85.66. The fair value is estimated to be CA$71.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 77% in the next 2 years. Recent Insider Transactions Derivative • Jan 20
Chief Financial Officer exercised options and sold CA$2.4m worth of stock On the 14th of January, Jean-Philippe Lachance exercised 30k options at a strike price of around CA$4.29 and sold these shares for an average price of CA$83.40 per share. This trade did not impact their existing holding. Since June 2025, Jean-Philippe has owned 7.47k shares directly. Company insiders have collectively sold CA$1.2m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jan 13
Groupe Dynamite Inc. Updates Store Sales Growth Guidance for the Fiscal Year 2025 Groupe Dynamite Inc. updated store sales growth guidance for the fiscal year 2025. For the year, the company updated comparable store sales growth guidance to a range of 26.5% to 27.0% against prior guidance range of 25.5% to 27.5%. Announcement • Jan 12
Groupe Dynamite Inc. to Report Q4, 2026 Results on Apr 01, 2026 Groupe Dynamite Inc. announced that they will report Q4, 2026 results Pre-Market on Apr 01, 2026 Recent Insider Transactions • Jan 06
Chief Digital Officer recently sold CA$1.1m worth of stock On the 29th of December, Maxime Boyer sold around 12k shares on-market at roughly CA$86.93 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$244k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jan 05
Insider exercised options and sold CA$551k worth of stock On the 30th of December, Michael Olson exercised 105.42k options at around CA$3.74, then sold 7k of the shares acquired at an average of CA$83.48 per share and kept the remainder. Michael currently holds less than 1% of total shares outstanding. Company insiders have collectively bought CA$2.2m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Dec 18
President & COO exercised options to buy CA$21m worth of stock. On the 12th of December, Stacie Beaver exercised options to buy 253k shares at a strike price of around CA$3.74, costing a total of CA$945k. As of today, Stacie currently holds no shares directly. Company insiders have collectively sold CA$113k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Dec 11
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: CA$0.75 (up from CA$0.38 in 3Q 2025). Revenue: CA$363.0m (up 40% from 3Q 2025). Net income: CA$81.5m (up 101% from 3Q 2025). Profit margin: 23% (up from 16% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Canada. Price Target Changed • Dec 02
Price target increased by 8.9% to CA$69.50 Up from CA$63.83, the current price target is an average from 12 analysts. New target price is 11% below last closing price of CA$77.80. Stock is up 282% over the past year. The company is forecast to post earnings per share of CA$1.83 for next year compared to CA$1.26 last year. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$72.83, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the Specialty Retail industry in Canada. Total returns to shareholders of 263% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CA$65.95 per share. Announcement • Nov 18
Groupe Dynamite Inc. to Report Q3, 2026 Results on Dec 09, 2025 Groupe Dynamite Inc. announced that they will report Q3, 2026 results Pre-Market on Dec 09, 2025 Recent Insider Transactions Derivative • Sep 21
Insider exercised options and sold CA$1.6m worth of stock On the 17th of September, Christian Roy exercised 28k options at a strike price of around CA$3.74 and sold these shares for an average price of CA$60.00 per share. This trade did not impact their existing holding. As of today, Christian currently holds no shares directly. Company insiders have collectively sold CA$688k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 13
Groupe Dynamite Inc. Raises Earnings Guidance for the Fiscal 2025 Groupe Dynamite Inc. raised earnings guidance for the fiscal 2025. For the period, the company now expects comparable store sales growth of 17.0% to 19.0% against previous guidance of 7.5% to 9.0%. Reported Earnings • Sep 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: CA$0.59 (up from CA$0.088 in 2Q 2025). Revenue: CA$326.4m (up 37% from 2Q 2025). Net income: CA$63.9m (up 58% from 2Q 2025). Profit margin: 20% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Canada. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$41.29, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Specialty Retail industry in Canada. Simply Wall St's valuation model estimates the intrinsic value at CA$72.62 per share. Announcement • Aug 13
Groupe Dynamite Inc. to Report Q2, 2026 Results on Sep 10, 2025 Groupe Dynamite Inc. announced that they will report Q2, 2026 results Pre-Market on Sep 10, 2025 Announcement • Jun 19
Groupe Dynamite Inc. Revises Earnings Guidance for the Year 2025 Groupe Dynamite Inc. revised earnings guidance for the year 2025. For the year, the company now expects comparable store sales growth of ? 7.5% to 9.0% against previous guidance of 5.0% to 6.5%. Reported Earnings • Jun 17
Full year 2025 earnings released: EPS: CA$1.26 (vs CA$0.80 in FY 2024) Full year 2025 results: EPS: CA$1.26 (up from CA$0.80 in FY 2024). Revenue: CA$958.5m (up 20% from FY 2024). Net income: CA$135.8m (up 58% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Like-for-like sales growth: 12.3% vs FY 2024 Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Specialty Retail industry in Canada. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CA$19.62, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Specialty Retail industry in Canada. Announcement • May 27
Groupe Dynamite Inc. to Report Q1, 2026 Results on Jun 17, 2025 Groupe Dynamite Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 17, 2025 Recent Insider Transactions • Apr 30
Lead Independent Director recently bought CA$439k worth of stock On the 24th of April, Chris Arsenault bought around 32k shares on-market at roughly CA$13.72 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$603k more in shares than they have sold in the last 12 months. Announcement • Apr 16
Groupe Dynamite Inc. Provides Earnings Guidance for the Year 2025 Groupe Dynamite Inc. provided earnings guidance for the year 2025. For the year, the company expects comparable store sales growth of 5.0% to 6.5%. Reported Earnings • Apr 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CA$1.26 (up from CA$0.19 in FY 2024). Revenue: CA$958.5m (up 20% from FY 2024). Net income: CA$135.8m (up 58% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Specialty Retail industry in Canada. Announcement • Apr 14
Groupe Dynamite Inc., Annual General Meeting, Jun 17, 2025 Groupe Dynamite Inc., Annual General Meeting, Jun 17, 2025. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$11.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Specialty Retail industry in Canada. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$17.98, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Specialty Retail industry in Canada. Simply Wall St's valuation model estimates the intrinsic value at CA$32.73 per share. Announcement • Feb 05
Groupe Dynamite Inc. to Report Q4, 2025 Results on Apr 15, 2025 Groupe Dynamite Inc. announced that they will report Q4, 2025 results Pre-Market on Apr 15, 2025 Reported Earnings • Dec 19
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: CA$0.38. Net income: CA$40.4m (up CA$40.4m from 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Specialty Retail industry in Canada. Announcement • Dec 03
Groupe Dynamite Inc. to Report Q3, 2024 Results on Dec 17, 2024 Groupe Dynamite Inc. announced that they will report Q3, 2024 results at 9:30 AM, US Eastern Standard Time on Dec 17, 2024 Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Hollie Castro was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
