LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

Q3 Same Stores Sales in Canada Down $0.9%

[Goldbuggy1]

This .9 % drop in Same Store Sales in Canada means nothing as this was partially offset by a 1% increase in Same Store Sales in the USA, and also total sales were up by 6.7%. Adjusted Operating Margin (Profit) in Q3 was also down $1M (about 8%) but there is a good explanation for this. In Q3 2014 there wasn't any adjusting items (expenses) but in Q3 2015 they had to spend $0.3M on a new resource management system and another $0.3M on legal, professional, and travel fees associated to the recent purchases. So in reality the Adjusted Operating Loss was only $0.4M or a spit in the ocean. Oil Prices are lower now than last year, so things could get worst. For how long nobody knows, but probably less than a year. But this company will still make a good profit during this time and pay all its Bills. Which you can't say for a lot of Junior Oil Companies right now. Seems to me this is the type of company you want to run to in these tough times, and not run away from.