Groupe Dynamite Inc. announced Monday comparable store sales growth of 30.8% for the first 9 weeks of the fourth quarter of the company’s fiscal year ending January 31, 2026, ended on January 3. On a year-to-date basis, and with only four weeks remaining in fiscal 2025, comparable store sales growth stands at 26.6%, also as at January 3.
On that basis, Groupe Dynamite said it is updating fiscal 2025 comparable store sales growth guidance to a range of 26.5% to 27.0%. Furthermore, based on strong year-to-date performance and improved visibility for the remainder of the fiscal year, the Company is raising by 100 bps the lower end of its fiscal 2025 adjusted EBITDA margin guidance to 36.0%, with the range now expected to be between 36.0% and 37.0%.
Turning to digital, during those same 9 weeks, online revenue growth significantly outpaced brick-and-mortar revenue growth, resulting in a higher online penetration rate versus the prior year. This performance underscores strong customer engagement across digital channels. As a reminder, the company’s comparable sales metric reflects the performance of the brick-and-mortar channel only, it said.
With respect to real estate activity, the company said it expects 20 gross store openings and 11 store closures, resulting in 9 net new store openings for fiscal 2025 and bringing total expected store count to 307 at year end. All store openings to date were under the Garage banner and located in the United States.
The company is also revising its previously communicated fiscal 2025 capital expenditure guidance to a range of $80.0 million to $90.0 million, from $85.0 million to $95.0 million, mainly reflecting payments timing.
“Our values-led culture continues to drive disciplined execution, resulting in strong holiday performance. This momentum, supported by our selective real estate strategy and rising digital engagement, is driving meaningful margin expansion and reflects the strength of our luxury-inspired operating model. As we close out fiscal 2025, we’re preparing to launch UK e-commerce in Q1 and look forward to opening our first UK stores also later in Q1,” said Stacie Beaver, President and Chief Operating Officer.
The table below outlines the Company’s revised financial annual guidance ranges for fiscal 2025, replacing our previously disclosed guidance :
| Revised Fiscal 2025 Guidance | Prior Fiscal 2025 Guidance | |
| Real estate activity | ↑ 20 gross new store openings↑ 9 net new store openings | 18 to 20 gross new store openings8 to 9 net new store openings |
| Comparable store sales growth | 26.5% to 27.0% | 25.5% to 27.5% |
| Adjusted EBITDA margin | ↑ 36.0% to 37.0% | 35.0% to 37.0% |
| CAPEX | ↓ $80.0 to $90.0 million | $85.0 to $95.0 million |
Groupe Dynamite said it intends to release its full financial results for Q4 and fiscal 2025 on or around Wednesday, April 1, before markets open, followed by a conference call with management to discuss the results on the same day.
Groupe Dynamite Inc. operates banners GARAGE and DYNAMITE.
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