North West Company Inc
TSX:NWC

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North West Company Inc
TSX:NWC
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Price: 48.38 CAD -0.37% Market Closed
Market Cap: 2.3B CAD

North West Company Inc
Investor Relations

Nestled at the edge of the Canadian commerce landscape, North West Company Inc. has carved a unique niche by tapping into the farthest reaches of Canada's northern territories and remote rural communities. This company, with roots tracing back to the fur trade of the late 18th century, thrives where many traditional retailers dare not venture. North West Company operates retail stores in regions where the challenging logistics of transport and unpredictable weather can intimidate even the most seasoned enterprises. The company brings essential goods to communities that are often underserved or isolated, employing a blend of resilience and modern retail strategies honed over decades. By leveraging deep local knowledge and strategic distribution channels, North West Company efficiently navigates this difficult terrain, ensuring shelves are stocked and consumer needs met.

The revenue model of North West Company hinges on its ability to act as a lifeline for these remote areas, offering a range of products from everyday groceries to hard goods and pharmaceuticals. Its division into northern and southern segments enables the firm to cater to various market needs with precision. Sustainable growth is anchored on tailored offerings, often customizing goods based on unique local demands and cultural preferences. Through strategic alliances and long-term partnerships, North West Company secures supply chain reliability, further fortifying its position. With a diversified portfolio that extends to international locations, including the Caribbean and Alaska, the enterprise has mastered the art of transforming geographic challenges into rewarding commercial opportunities.

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NWC
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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Sep 9, 2025
AI Summary
Q2 2026

Top Line Pressure: Sales were flat overall, with same-store sales declining 1.1% due to Canadian wildfires, reduced child and family service funding, and a weaker international economy.

Bottom Line Growth: Net earnings increased 1.9%, supported by expense savings and a lower effective tax rate.

Wildfire Impact: Sixteen stores were affected by evacuations, hurting Canadian sales, though stores not impacted by wildfires grew same-store sales by 1%.

Program Funding Headwind: Reductions and uncertainty in government child and family services, including the ICFI food voucher program, weighed on food sales.

General Merchandise Divergence: General merchandise and other sales rose 5.6% overall, aided by strong airline and pharmacy performance, but discretionary merchandise sales declined.

Next 100 Program: Cost savings and operational improvements from the Next 100 program helped offset its implementation costs.

International Weakness: Sales in international operations fell 0.8%, largely due to soft economic conditions in Alaska and the South Pacific.

Outlook Uncertainty: Management highlighted ongoing economic and program funding uncertainty, continued wildfire risk, and fluid tariff impacts.

Key Financials
Same-Store Sales
-1.1%
Canadian Same-Store Sales
-1.8%
Canadian Same-Store Sales (excluding wildfire-affected stores)
1%
General Merchandise and Other Sales
5.6% increase
General Merchandise Same-Store Sales
-3.5%
Food Sales
-1.9%
International Sales
-0.8%
International General Merchandise Sales
-11.5%
International General Merchandise Same-Store Sales
-11.2%
International Food Sales
0.6% increase
Gross Profit Dollars
0.1% increase
Gross Profit Rate
flat
Expenses
-0.1%
Net Earnings
1.9% increase
Other Earnings Calls

Management

Mr. Daniel G. McConnell
CEO, President & Director
No Bio Available
Mr. John D. King C.A., C.M.A., CPA
Executive VP, CFO & Corporate Secretary
No Bio Available
Mr. J. Kevin Proctor
President of Cost-U-Less & Riteway Foods
No Bio Available
Mr. Vineet Gupta
Chief Information Officer
No Bio Available
Mr. Cole J.A. Akerstream
Vice-President of Corporate Development
No Bio Available
Ms. Alison F. Coville
Chief People Officer
No Bio Available
Ms. Leanne G. Flewitt
VP & Chief Transformation Officer
No Bio Available
Mr. Frank W. Kelner
President & CEO of North Star Air Ltd
No Bio Available
Mr. Jeffrey B. Stout
President & COO of North Star Air Ltd.
No Bio Available
Mr. Rex Allen Wilhelm
Vice Chair of NWCI - International Operations
No Bio Available

Contacts

Address
MANITOBA
Winnipeg
Gibraltar House; 77 Main Street
Contacts
+12049341756.0
www.northwest.ca