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kijijion Aug 10, 2018 6:38pm
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Alcanna Reports 2nd qtr results
Alcanna Reports 2nd qtr results For the second quarter of 2018 compared to the second quarter of 2017:
- Consolidated sales were $161.1 million versus $162.4 million in Q2 2017 (before accounting for the decline related to the foreign exchange impact of translating our $USD sales to $CAD).
- Canadian same-store sales1 were $122.8 million versus $123.8 million in Q2 2017.
- U.S. same-store sales1 were $20.1 million USD versus $19.4 million USD in Q2 2017.
- On an adjusted basis to exclude one-time and unusual items, operating profit before amortization1 was $6.1 million versus $9.0 million in Q2 2017. On an unadjusted basis, operating profit before amortization was $1.8 million versus $7.6 million in Q2 2017.
- On an adjusted basis to exclude one-time and unusual items, net earnings from continuing operations were $2.0 million versus $4.3 million in Q2 2017. On an unadjusted basis, net (loss) earnings from continuing operations was ($1.2) million versus $2.4 million in Q2 2017.
FINANCIAL HIGHLIGHTS
(In thousands of Canadian dollars
except per share amounts, unaudited) | Three months ended June 30 | Six months ended June 30 | |
| 2018 | | 2017 | 2018 | | 2017 | |
| Sales | 161,084 | | 162,435 | 286,898 | | 290,194 | |
| Operating profit (loss) before amortization1 (1) | 1,786 | | 7,574 | (503 | ) | 9,075 | |
| Net (loss) earnings from continuing operations | (1,221 | ) | 2,390 | (3,047 | ) | (536 | ) |
| Basic and diluted (loss) earnings per share from continuing operations | (0.04 | ) | 0.08 | (0.09 | ) | (0.02 | ) |
| | | | | |
| As adjusted1: | | | | |
| Operating profit before amortization | 6,132 | | 9,007 | 3,933 | | 10,508 | |
| Net earnings from continuing operations | 1,982 | | 4,334 | 222 | | 1,418 | |
| Basic and diluted earnings per share from continuing operations | 0.05 | | 0.15 | 0.01 | | 0.05 | |
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