Groupe Dynamite Inc. reported Wednesday its financial results for the fiscal year 2025’s second quarter ended August 2, 2025, with revenue increasing by 36.5% from a year ago and comparable store sales growth of 28.6%.
“We delivered an exceptional quarter. Comparable store sales grew 28.6%, driving a 43.3% two-year stack. This performance was fueled largely by higher traffic, attributable to strong brand heat and an important increase in media brand impressions. We’ve raised our 2025 guidance on both revenue and profitability, reflecting disciplined execution, operational agility and a luxury-inspired model that consistently outperforms. Gross margin reached 63.6%, the highest in the past four quarters. Even in a cautious consumer environment, our positioning around affordable indulgences continues to put a smile on our customers’ faces,” said Andrew Lutfy, Chief Executive Officer and Chair of the Board.
Fiscal 2025 Second Quarter Highlights
- Revenue increased by 36.5% to $326.4 million in Q2 2025, compared to $239.1 million in Q2 2024;
- Comparable store sales growth of 28.6% (25.7% on a constant currency basis) in Q2 2025, over and above comparable store sales growth of 14.7% in Q2 2024;
- Retail sales per square foot increased by 18.1% compared to Q2 2024, reaching $820 in Q2 2025;
- SG&A increased to $87.7 million in Q2 2025, compared to $79.9 million in Q2 2024, and adjusted SG&A as a percentage of sales decreased by 550 basis points to 26.7% from 32.2% over the same period in Q2 2024;
- Operating income increased by 61.4% to $97.3 million in Q2 2025, compared to $60.3 million in Q2 2024;
- Adjusted EBITDA increased by 49.1% to $120.5 million in Q2 2025, representing an adjusted EBITDA margin of 36.9%, compared to 33.8% for the same period in Q2 2024;
- Diluted net earnings per share increased to $0.56 in Q2 2025, compared to $0.38 in Q2 2024 and adjusted diluted net earnings per share increased by 43.4% to $0.57 in Q2 2025, compared to $0.40 in Q2 2024.
Real estate activity for Q2 2025 includes:
- Opening of 8 gross new stores in the United States under the Garage banner;
- Closure of 6 stores in Canada, 4 under the Dynamite banner and 2 under the Garage banner;
- Renovation or relocation of 4 stores: 2 in the United States under the Garage banner and 2 in Canada under both banners.
“This quarter, our teams executed with precision and delivered strong results. North American openings are exceeding expectations, and our UK expansion is progressing with five new leases signed. Every function of the business, from product to marketing to our store teams, is aligned and driving performance. That alignment is fueling stronger brand experiences and deeper connections with our customers and community. With this momentum, we are positioned to elevate our performance across every market we serve,” added Stacie Beaver, President & Chief Operating Officer.
Groupe Dynamite Inc. operates retail stores and digital experiences under two complementary banners—GARAGE and DYNAMITE.
