Q4 of 2022 was very ProfitableAnd so will this Q4 which will soon report.
Sales for the fourth quarter of 2022 increased by $45.5-million, or 31.4 per cent, to $190.2-million as compared with $144.7-million for the fourth quarter of 2021,
primarily due to an increase in store traffic and number of transactions as a fewer number of the company's retail stores operated under government-imposed store capacity restrictions during a portion of the fourth quarter of 2022 as compared with a larger number of the company' s retail stores being closed under partial lockdowns during the fourth quarter of 2021.
Gross profit for the fourth quarter of 2022 increased $31.3-million, or 48.2 per cent, to $96.2-million as compared with $64.9-million for the fourth quarter of 2021.
Gross profit as a percentage of sales for the fourth quarter of 2022 increased to 50.6 per cent from 44.9 per cent for the fourth quarter of 2021.
The increase both in gross profit and as a percentage of sales is primarily attributable to lower markdowns and promotional activity in the fourth quarter of 2022 profit for the fourth quarter of 2022 increased $31.3-million, or 48.2 per cent, to $96.2-million as compared with $64.9-million for the fourth quarter of 2021
$225 million times 50.6 % means a gross profit of about $115 for Q4 this year..
Just sayin