In This Article:
Goodfood Market (TSE:FOOD) Third Quarter 2024 Results
Key Financial Results
-
Revenue: CA$38.6m (down 8.5% from 3Q 2023).
-
Net income: CA$307.0k (up from CA$1.16m loss in 3Q 2023).
-
Profit margin: 0.8% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
-
EPS: CA$0.004 (up from CA$0.015 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Goodfood Market Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Consumer Retailing industry in Canada.
Performance of the Canadian Consumer Retailing industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - Goodfood Market has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com