Corby (CSW.B) & Rogers (RSI): 2 TSX stocks that can be your Valentine

Published on February 11, 2022 10:56 AM EST

More on: Rogers Sugar Inc Corby Spirit and Wine Ltd

Corby (CSW.B) & Rogers (RSI): 2 TSX stocks that can be your Valentine — Image source: © 2022 Kalkine Media®

Highlights

Many lovestruck Canadians are busy planning their Valentine’s Day celebrations, which is due on Monday, February 14.

With a section of consumers spending good money on making Valentine’s Day special, there is a set of companies that are likely to see their sales figures surge during this time.

A TSX wine manufacturer and seller listed here saw its net profit rise by 13 per cent year-over-year (YoY) to C$ 8.9 million in the latest quarter.

Many lovestruck Canadians are busy planning their Valentine’s Day celebrations, which is due on Monday, February 14. While some are planning the perfect date and shopping for chocolates and flowers, others are busy looking for the best gift possible.

With a section of consumers spending good money on making Valentine’s Day special, there is a set of companies that are likely to see their sales figures surge during this time.

So, investors who are looking to make some investments as Valentine’s Day comes a-knocking, here are two TSX-listed stocks that you can explore.

Corby Spirit and Wine Limited (TSX: CSW.B)

Corby Spirit and Wine is a Toronto-headquartered winemaker that offers spirits and imported wines under different brand names in the Canadian and international markets.

With wine being a common gift and beverage used to celebrate an occasion, Corby could see a notable increase in its sales during the Valentine week.

The liquor manufacturer and seller increased its net profit by 13 per cent year-over-year (YoY) to C$ 8.9 million in the latest quarter.

Corby, which currently has a return on equity (ROE) of 14.93 per cent, saw its adjusted revenue reach C$ 47.8 million in Q2 FY2022, which was a nine per cent growth YoY from C$ 44 million a year ago.

Also read: Cameco (CCO) stock up 14%! Why is the Canadian uranium firm trending?

The alcohol company will also dole out a quarterly dividend of C$ 0.24 per share to its shareholders on March 4.

Stocks of Corby Spirit increased by about two per cent in the last one month.

Data source: Corby Spirit and Wine Limited

Rogers Sugar Inc (TSX: RSI)

Rogers Sugar can also see some increase in demand during the Valentine week for its key products, sugar and maple, as they can be important ingredients in popular Valentine’s Day treats like cakes and candies.

The Canadian sugar producer’s top line reached C$ 230.75 million in the first quarter of fiscal 2022, as compared to C$ 223.84 million a year ago.

Rogers Sugar also posted a profit of C$ 17.22 million in the latest quarter, up from C$ 13.77 million in Q1 FY2021.

The C$ 617-million market cap firm is scheduled to pay a quarterly dividend of C$ 0.09 apiece on April 20.

Rogers stock grew by almost 14 per cent in the past 12 months.

Bottomline

While a surge in demand for their key products around Valentine’s Day could boost sales for companies like Corby and Rogers Sugar, such projections cannot be set in stone. Hence, investors should ideally go beyond trends and delve into a company’s financials and other such factors before making any investment decisions.

Also read: Disney (DIS) & Corus (TSX:CJR.B): 2 entertainment stocks to buy

Kajal Jain

Author

Kajal Jain - Analyst
623 Posts
Kajal is a commerce graduate with expertise in the financial corporate sector. At Kalkine, she writes on Canadian equities and markets. In her free time, she enjoys music and gardening and likes to travel....
Shreya Biswas

Editor

Shreya Biswas - Multimedia Journalist
408 Posts
Shreya Biswas is a multimedia journalist with a degree from the Asian College of Journalism. Previously a literature student-turned-political reporter, she now writes on market trends at Kalkine Media. When not chasing deadlines, she enjoys bloggin...

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.