Reported Earnings • 13h
First quarter 2026 earnings released: EPS: JA$2.39 (vs JA$2.25 in 1Q 2025) First quarter 2026 results: EPS: JA$2.39 (up from JA$2.25 in 1Q 2025). Revenue: JA$47.5b (up 7.4% from 1Q 2025). Net income: JA$2.36b (up 6.1% from 1Q 2025). Profit margin: 5.0% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Board Change • 13h
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. Independent Director Jacky Wright was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 06
GraceKennedy Limited, Annual General Meeting, May 27, 2026 GraceKennedy Limited, Annual General Meeting, May 27, 2026. Location: don wehby building, 42-56 harbour street, kingston, Jamaica Announcement • Mar 03
GraceKennedy Limited, Annual General Meeting, May 28, 2025 GraceKennedy Limited, Annual General Meeting, May 28, 2025. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: JA$2.21 (vs JA$1.79 in 3Q 2023) Third quarter 2024 results: EPS: JA$2.21 (up from JA$1.79 in 3Q 2023). Revenue: JA$42.0b (up 6.1% from 3Q 2023). Net income: JA$2.19b (up 23% from 3Q 2023). Profit margin: 5.2% (up from 4.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Gracekennedy Limited Announces Dividend for the Fourth Interim Dividend for 2024, Payable on December 16, 2024 GraceKennedy Limited announced dividend of JMD 0.75 per share, payable on December 16, 2024, and totalling approximately JMD 743 million. This is the fourth interim dividend payment for 2024. Upcoming Dividend • Aug 26
Upcoming dividend of JA$0.55 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 23 September 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Jamaican dividend payers (3.3%). Higher than average of industry peers (2.7%). Declared Dividend • Aug 12
Second quarter dividend of JA$0.55 announced Shareholders will receive a dividend of JA$0.55. Ex-date: 30th August 2024 Payment date: 23rd September 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: JA$2.30 (vs JA$2.09 in 2Q 2023) Second quarter 2024 results: EPS: JA$2.30 (up from JA$2.09 in 2Q 2023). Revenue: JA$42.0b (up 7.4% from 2Q 2023). Net income: JA$2.28b (up 9.8% from 2Q 2023). Profit margin: 5.4% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • May 16
Fourth quarter dividend of JA$0.55 announced Shareholders will receive a dividend of JA$0.55. Ex-date: 22nd May 2024 Payment date: 14th June 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Director Vanessa Rizzioli was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
GraceKennedy Limited, Annual General Meeting, May 29, 2024 GraceKennedy Limited, Annual General Meeting, May 29, 2024, at 14:00 Eastern Standard Time. Location: GraceKennedy Headquarters, 42-56 Harbour Street Kingston Jamaica Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: JA$7.86 (vs JA$7.09 in FY 2022) Full year 2023 results: EPS: JA$7.86 (up from JA$7.09 in FY 2022). Revenue: JA$155.0b (up 8.4% from FY 2022). Net income: JA$7.78b (up 11% from FY 2022). Profit margin: 5.0% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 16
Upcoming dividend of JA$0.65 per share at 3.0% yield Eligible shareholders must have bought the stock before 23 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Jamaican dividend payers (3.7%). Higher than average of industry peers (2.4%). Announcement • Nov 11
GraceKennedy Limited Declares Dividend, Payable on December 15, 2023 GraceKennedy Limited announced the dividend of JMD 0.65 per share. Ex-dividend date is November 22, 2023. Record date is November 24, 2023. Payment date is December 15, 2023. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JA$1.79 (vs JA$1.54 in 3Q 2022) Third quarter 2023 results: EPS: JA$1.79 (up from JA$1.54 in 3Q 2022). Revenue: JA$39.6b (up 14% from 3Q 2022). Net income: JA$1.77b (up 17% from 3Q 2022). Profit margin: 4.5% (up from 4.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Announcement • Oct 28
GraceKennedy Limited (JMSE:GK) completed the acquisition of UNIBEV Limited. GraceKennedy Limited (JMSE:GK) entered into an agreement to acquire UNIBEV Limited on August 2, 2023. Once the acquisition of Unibev is complete, it will become GK’s sixth manufacturing facility in Jamaica. The transaction is subject to customary closing conditions.GraceKennedy Limited (JMSE:GK) completed the acquisition of UNIBEV Limited on October 27 , 2023. Upcoming Dividend • Aug 24
Upcoming dividend of JA$0.52 per share at 2.7% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Jamaican dividend payers (3.7%). In line with average of industry peers (2.5%). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: JA$2.09 (vs JA$1.98 in 2Q 2022) Second quarter 2023 results: EPS: JA$2.09 (up from JA$1.98 in 2Q 2022). Revenue: JA$39.1b (up 7.7% from 2Q 2022). Net income: JA$2.07b (up 5.7% from 2Q 2022). Profit margin: 5.3% (down from 5.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Announcement • Aug 04
GraceKennedy Limited (JMSE:GK) entered into an agreement to acquire UNIBEV Limited. GraceKennedy Limited (JMSE:GK) entered into an agreement to acquire UNIBEV Limited on August 2, 2023. Once the acquisition of Unibev is complete, it will become GK’s sixth manufacturing facility in Jamaica. The transaction is subject to customary closing conditions. Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JA$2.13 (vs JA$1.75 in 1Q 2022) First quarter 2023 results: EPS: JA$2.13 (up from JA$1.75 in 1Q 2022). Revenue: JA$39.1b (up 7.8% from 1Q 2022). Net income: JA$2.12b (up 22% from 1Q 2022). Profit margin: 5.4% (up from 4.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Announcement • May 13
Gracekennedy Limited Announces Interim Dividend, Payable on June 16, 2023 GraceKennedy Limited announced interim dividend of JMD 0.50 per share. Ex-dividend date is May 24, 2023. Record date is May 26, 2023. Payment date is June 16, 2023. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: JA$7.09 (vs JA$8.27 in FY 2021) Full year 2022 results: EPS: JA$7.09 (down from JA$8.27 in FY 2021). Revenue: JA$142.9b (up 11% from FY 2021). Net income: JA$7.03b (down 14% from FY 2021). Profit margin: 4.9% (down from 6.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JA$1.54 (vs JA$2.11 in 3Q 2021) Third quarter 2022 results: EPS: JA$1.54 (down from JA$2.11 in 3Q 2021). Revenue: JA$34.8b (up 7.5% from 3Q 2021). Net income: JA$1.52b (down 27% from 3Q 2021). Profit margin: 4.4% (down from 6.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 25
Upcoming dividend of JA$0.48 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Jamaican dividend payers (3.1%). In line with average of industry peers (2.3%). Announcement • Aug 03
GraceKennedy Limited Announces Interim Dividend, Payable on September 23, 2022 GraceKennedy Limited declared interim dividend payment of TTD 0.48 per stock share, payable on September 23, 2022. Ex-dividend Date is August 30, 2022. Record Date is September 02, 2022. Announcement • Jul 30
Gracekennedy Limited Appoints Vanessa Rizzioli to its Board of Directors GraceKennedy Limited announced the appointment of Vanessa Rizzioli to the Company's Board of Directors, effective July 28, 2022. Mrs. Rizzoli is a Jamaican residing in the United Kingdom. She is a corporate finance lawyer who has extensive international experience in Public-Private Partnerships (PPPs), energy and infrastructure, project financing and corporate governance. Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Director Peter Williams was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 19
Upcoming dividend of JA$0.48 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Jamaican dividend payers (3.1%). Lower than average of industry peers (2.2%). Board Change • May 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Director Peter Williams was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: JA$8.27 (vs JA$6.28 in FY 2020) Full year 2021 results: EPS: JA$8.27 (up from JA$6.28 in FY 2020). Revenue: JA$129.3b (up 12% from FY 2020). Net income: JA$8.19b (up 32% from FY 2020). Profit margin: 6.3% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Mar 09
Upcoming dividend of JA$0.48 per share Eligible shareholders must have bought the stock before 16 March 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Jamaican dividend payers (2.8%). In line with average of industry peers (2.1%). Upcoming Dividend • Nov 18
Upcoming dividend of JA$0.55 per share Eligible shareholders must have bought the stock before 25 November 2021. Payment date: 16 December 2021. Trailing yield: 2.0%. Lower than top quartile of Jamaican dividend payers (3.0%). Lower than average of industry peers (2.3%). Upcoming Dividend • Nov 17
Upcoming dividend of JA$0.55 per share Eligible shareholders must have bought the stock before 24 November 2021. Payment date: 16 December 2021. Trailing yield: 1.9%. Lower than top quartile of Jamaican dividend payers (3.0%). Lower than average of industry peers (2.2%). Announcement • Aug 06
GraceKennedy Limited (JMSE:GK) acquired Scotia Insurance Eastern Caribbean Limited from Scotia Insurance Caribbean Limited. GraceKennedy Limited (JMSE:GK) signed an agreement to acquire Scotia Insurance Eastern Caribbean Limited from Scotia Insurance Caribbean Limited on March 8, 2021. Post completion Scotia Insurance Eastern Caribbean Limited will become the newest member of the GraceKennedy Financial Group. The transaction is subject to regulatory approvals and other customary closing conditions. (Ricco) A.S. Bhasin of Torys LLP acted as legal advisor to Scotia Insurance Eastern Caribbean Limited.
GraceKennedy Limited (JMSE:GK) acquired Scotia Insurance Eastern Caribbean Limited from Scotia Insurance Caribbean Limited on August 4, 2021. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS JA$1.95 (vs JA$1.44 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JA$32.0b (up 16% from 2Q 2020). Net income: JA$1.93b (up 35% from 2Q 2020). Profit margin: 6.0% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Executive Departure • Jun 06
Independent Non-Executive Director Everton McDonald has left the company On the 26th of May, Everton McDonald's tenure as Independent Non-Executive Director ended after 10.0 years in the role. As of March 2021, Everton still personally held 227.79k shares (JA$13m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.50 years. Upcoming Dividend • May 20
Upcoming dividend of JA$0.45 per share Eligible shareholders must have bought the stock before 27 May 2021. Payment date: 15 June 2021. Trailing yield: 1.8%. Lower than top quartile of Jamaican dividend payers (2.8%). Lower than average of industry peers (2.4%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS JA$1.67 (vs JA$1.33 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JA$31.4b (up 8.8% from 1Q 2020). Net income: JA$1.65b (up 26% from 1Q 2020). Profit margin: 5.3% (up from 4.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
GraceKennedy Limited Announces Dividend, Payable on 15 June 2021 GraceKennedy Limited announced Dividend of JMD 0.4500. Ex-Dividend Date is 26 May 2021, Record Date is 28 May 2021, Payment Date is 15 June 2021. Is New 90 Day High Low • Mar 02
New 90-day high: JA$89.00 The company is up 39% from its price of JA$64.10 on 01 December 2020. The Jamaican market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 24% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS JA$6.28 (vs JA$4.52 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JA$115.4b (up 12% from FY 2019). Net income: JA$6.22b (up 39% from FY 2019). Profit margin: 5.4% (up from 4.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 30
New 90-day high: JA$73.50 The company is up 28% from its price of JA$57.40 on 30 October 2020. The Jamaican market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Nov 28
Market bids up stock over the past week After last week's 16% share price gain to JA$67.00, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.2x. This compares to an average P/E of 25x in the Consumer Retailing industry in South America. Total returns to shareholders over the past three years are 67%. Is New 90 Day High Low • Nov 25
New 90-day high: JA$61.00 The company is up 8.0% from its price of JA$56.45 on 27 August 2020. The Jamaican market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 3.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS JA$1.69 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JA$29.6b (up 16% from 3Q 2019). Net income: JA$1.68b (up 33% from 3Q 2019). Profit margin: 5.7% (up from 4.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Is New 90 Day High Low • Oct 01
New 90-day high: JA$58.00 The company is up 1.0% from its price of JA$57.42 on 03 July 2020. The Jamaican market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Retailing industry, which is up 3.0% over the same period. Announcement • Sep 30
GraceKennedy Group Announces Executive Changes, Effective October 1 GraceKennedy (GK) Group CEO Don Wehby has announced several senior management changes within the Group, which are set to come into effect on October 1, 2020. The Executive-level changes, Wehby explained, are in keeping with GK's strategic vision which includes offering long term consumer and shareholder value, through a performance driven culture, sustainable growth and innovation, operational excellence, and consumer centricity. The changes come at a time when GK is growing despite the challenges being faced around the world due to the spread of the COVID-19 pandemic. Andrew Leo-Rhynie, the current Managing Director of GK Capital Management (GKCM), will join GK's Executive Office as the Head of the Group's new Mergers and Acquisitions Unit. Mergers and Acquisitions has been identified as one of GK's key strategic drivers towards sustainable growth and innovation. As Head of Mergers and Acquisitions, Mr. Leo-Rhynie will report directly to the Group CEO and will lead a team focused on local and international acquisition targets. Also, within the Executive Office, Lee-Anne Bruce, GK's current Group Chief Risk & Compliance Officer, will be appointed Chief Audit Executive (CAE) of the Group. In her new capacity, Mrs. Bruce will report administratively to the Group CEO and functionally to the Chair of the Group Audit Committee. Judith Chung Gordon will re-join GK, taking over Mrs. Bruce's role as Group Chief Risk & Compliance Officer, and will also assume the role of Senior Legal Counsel, providing legal support to GK's new Mergers and Acquisitions Unit. Mrs. Chung Gordon will report to Gail Moss-Solomon, GK's General Counsel & Chief Corporate Secretary. Gerron Thomas, who currently holds the position of Business Development Manager, will be promoted to Group Risk Manager, reporting to Mrs. Chung Gordon in his new role. GKL's Chief Information Officer (CIO), Diedre Cousins will now report to the Group Chief Financial Officer, Andrew Messado. As previously reported, Steven Whittingham will lead the digital transformation strategy for the Group while continuing to serve as GKFG's COO. 
