Kalkine Media explores 5 TSX stocks to watch ahead of Black Friday

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 Kalkine Media explores 5 TSX stocks to watch ahead of Black Friday
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  • In Q2 FY 2023, Dollarama’s gross profit was C$ 530.03 million.
  • Algonquin’s revenue in Q3 2022 was noted at US$ 666.7 million.
  • Aritizia’s net income in Q2 FY 2023 was C$ 46.26 million.

Black Friday may look different this year with so many happening in the economy following a series of headwinds. Retailers offer steep discounts on this day. Black Friday is a traditional shopping event that signifies the start of the holiday season. 

The equity market may also go through several fluctuations during this time of the year. As an investor, make sure to select stocks that move in line with your investment goals. The stock prices of different companies may reflect the buyer’s confidence and their shopping habits.

The stock market may undergo changes due to increased trading activity during this time. While operating in the market, you may capitalize on these changes and select stocks that align with your portfolio. It is crucial to understand the market to decode the changes in the trends. If you are selecting your stocks, look at their overall performance along with the prospects.

So, amid this holiday shopping season and Black Friday, let us look at five stocks along with their recent financial highlights:

  1. Dollarama Inc. (TSX: DOL)

Dollarama Inc. is a Canada-based discount retail store. The company’s portfolio includes general merchandise, consumer products, and seasonal items. The former two product ranges constitute the majority of the company’s offerings.

In Q2 FY 2023, Dollarama’s gross profit rose to C$ 530.03 million from C$ 446.66 million in the year-ago quarter. The company’s sales grew to C$ 1,217.06 million from C$ 1,029.34 million for the same period. The net earnings in the reported quarter also soared to C$ 193.47 million from C$ 146.22 million. The basic net EPS of the company increased to C$ 0.67 from C$ 0.48.

The company also saw a growth in its EBITDA to C$ 369.38 million from C$ 293.66 million. Dollarama’s total assets grew to C$ 4,400.8 million from C$ 4,063.56 million. The company distributed a quarterly dividend of C$ 0.055 per share with an EPS of C$ 2.52. The company’s dividend growth for the past three years was noted at 11.22 per cent.

  1. Algonquin Power & Utilities Corp. (TSX: AQN)

Algonquin Power & Utilities Corp. is into distribution utility along with generation and transmission of utility assets. The company offers reliable and cost-effective products and operates with two business groups- Regulated Services and Renewable Energy.

In Q3 2022, Algonquin’s revenue witnessed an increase of 16 per cent and was noted at US$ 666.7 million from US$ 528.6 million in Q3 2021. The adjusted EBITDA jumped to US$ 276.1 million from US$ 252 million in the same comparable period.

Meanwhile, the adjusted funds from operations increased to US$ 205.5 million from US$ 170.2 million. On the other hand, the company’s adjusted net earnings declined to US$ 73.5 million from US$ 97.6 million in the same quarter the previous year. The EPS of the company is US$ 0.05 with a quarterly dividend per share of US$ 0.181.

  1. Aritzia Inc. (TSX: ATZ)

Aritzia Inc. is engaged in designing and selling apparel and accessories under its Aritizia banner. The company’s product range includes sweaters, T-shirts, pants, skirts etc.  

In Q2 FY 2023, Aritizia’s net revenue rose to C$ 525.52 million from C$ 350.06 million in Q2 2022. The net income grew to C$ 46.26 million from C$ 39.84 million for the same period. The adjusted EBITDA soared to C$ 82.56 million from C$ 72.89 million.

The company’s total assets shot up to C$ 1,514.37 million from C$ 1,424.58 million in the same quarter a year ago. Meanwhile, total liabilities also rose to C$ 1,424.58 million from C$ 893.77 million. Aritizia’s EPS is C$ 1.62 along with the P/E (price-to-earnings) ratio of 31.5.

  1. Canada Goose Holdings Inc. (TSX: GOOS)

Canada Goose Holdings Inc. is engaged in premier outerwear for men, women, and children. Further, the company distributes, designs, and manufactures clothes through its segments-DTC (Direct to Consumer), Wholesale and others.

In Q2 FY 2023, Canada Goose Holdings’ gross profit rose to C$ 165.8 million from C$ 135 million in the year-ago quarter. The revenue also increased to C$ 277.2 million from C$ 232.9 million for the same comparative period. The adjusted EBITDA soared to C$ 29.6 million from C$ 17.4 million.

The company’s gross margin in the second quarter of 2023 grew to 59.8 per cent from 58 per cent. The total assets rose to C$ 1,543.5 million from C$ 1,326.1 million. The EPS of the company is C$ 0.77.

  1. Loblaw Companies Limited (TSX: L)

Loblaw Companies Limited is a pharmacy and grocery retailer that operates in British Columbia and Quebec. The company’s banners include Maxi, Loblaw, and No Frills.

In Q3 2022, Loblaw’s revenue soared to C$ 17,388 million from C$ 16,050 million in Q3 2021. The operating income grew to C$ 991 million from C$ 863 million for the same comparable period. The adjusted EBITDA rose to C$ 1,846 million from C$ 1,674 million. The EPS was noted at C$ 5.97 and the P/E ratio was 18.6.

The Gross profit for Loblaw Companies in two different periods:

Bottom Line

During Black Friday, many companies may face fluctuations while some may witness a rise. Look for companies that might help you to reposition your portfolio. In addition to this, work on the risk mitigation aspect by implementing diversification. It forms an essential system of your investment journey. Keep on repositioning your portfolio on regular intervals and easily breeze through fluctuating times.

Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.


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