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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TSX:NBLY - Post Discussion

Neighbourly Pharmacy Inc > Great Q1 Report

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Post by Kanatainvestor on Aug 01, 2023 7:37am

Great Q1 Report

- Revenue higher than consensus (driven by strong SSS at 4.1%)
- Adjusted EBITDA margin higher than consensus at 10.1% (up 30 basis points from last year Q1)
- Adjusted net income higher than expected at 11c (22% higher than last year Q1).
- 16 new graduates joining the neighborly during the third week of August.
- Expanded scope of pharamcy in BC and ON driving positive trends (long term this a critical industry driver).

Looking forward to listening to the CC, but my guess, even without additional insights from the CC, based on the strength of this report, the stock will be upgraded, and will likely trade above its IPO price shortly.

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