Bullboard - Stock Discussion Forum 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... see more

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Neighbourly Pharmacy Inc > Assessment

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Post by retiredcf on Aug 09, 2022 10:14am

Assessment

Would appreciate your view of their latest quarterly. Am in for long term, 5 years plus, but currently underwater by 15%. Appropriate to increase holding or hold tight??

For the first quarter, NBLY reported same-store sales growth of 1.8%. Revenue increased 34% year-over-year to $114.4 million, missing estimates of $115.2 million. The growth was driven by acquisitions of pharmacies over the past year. NBLY reported a narrower net loss of $743,000 or $0.03 per share vs a net loss of $76.9 million or $7.50 per share in the first quarter of 2021. Adjusted EPS of $0.09 came in ahead of $0.07 reported a year ago, beating estimates of $0.03. The quarter reported showed margin pressures were evident due to labour issues. NBLY is seeing headwinds with the labour situation and we might give the negative momentum time to settle in if/before adding but don't think much changes here longer-term. (5iResearch)

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