Neighbourly Pharmacy Inc T.NBLY

Healthcare

Neighbourly Pharmacy Inc. is a Canada-based company that operates a network of community pharmacies. The Company is an owner and operator of retail pharmacies located throughout Canada under banners such as IDA/Guardian, Pharmachoice, Pharmasave and Remedy’s RX. The Company, through its subsidiaries, owns and operates a network of retail pharmacies known as Rubicon Pharmacies (Rubicon or Rubicon Pharmacies. The Company owns and operates approximately 287 locations across seven provinces and one territory, a coast-to-coast footprint that provides scale and diversification. The Company’s pharmacies provide accessible healthcare with a personal touch. The Company also owns British Columbia-based pharmacies.

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Neighbourly Pharmacy Inc

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Post by retiredcfon Aug 07, 2023 9:53am

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EPS of $0.11 beat estimates of $0.06; revenue of $196.8M marginally beat estimates. Same store growth was decent at 4.1% and EBITDA rose 77%. Sales rose 72%, with most of this (95%) from acquisitions. But execution improved and the company notes better topline momentum. Store count rose from 175 to 291. SG&A costs fell to 3.5% from 4% of sales. The company has only beaten estimates three times in the past eight quarters, but this was a good result for NBLY and (maybe) the stock can start to form a bottom here. (5iResearch)

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