Titles in action: Transat AT, Dollarama, Morrisons

Here is a selection of announcements that have made (or will make) move the prices of these companies:

(Come back and read us from time to time
so as not to miss an update)

AT Transat (TRZ.TO, $ 4.89) reports that its net loss attributable to shareholders for the third quarter of the current fiscal year was $ 138.1 million, or $ 3.66 per diluted share, while it was $ 45.1 million, or $ 1.20 per diluted share in the corresponding quarter of fiscal 2020. The Montreal-based carrier posted an adjusted net loss of $ 115.6 million, or $ 3.06 per share, for the third quarter of 2021, compared to $ 139.8 million, or $ 3.70 per share last year. These data exclude items unrelated to operations. The company recalls that due to the COVID − 19 pandemic, it suspended its flight operations on January 29 for a second time since March 2020, until the partial resumption of flight operations on July 30. These factors caused the drop in income. During the quarter, Transat AT recorded revenues of $ 12.5 million, up 31.4% compared to 2020. Activities resulted in an operating loss of $ 98.4 million, compared to 132 million in 2020, an improvement of $ 33.6 million. Despite the current encouraging signs such as the level of reservations observed and the increase in the vaccination rate, the company remains unable for the moment to predict the effect of the COVID − 19 pandemic on future reservations, the partial resumption of operations. as well as the financial results.

Dollarama (DOL.TO, $ 56.88) reported second quarter profit of $ 146.2 million, up from same quarter profit of $ 142.5 million last year. The retailer says profit was 48 cents per diluted share for the quarter, up from 46 cents a year ago. Sales for the 13-week period ended August 1 totaled $ 1.03 billion, compared to $ 1.01 billion last year. Dollarama says comparable store sales fell 5.1% due to a ban on the sale of non-essential products in Ontario during the first 5.5 weeks of the quarter, due to the pandemic. The company says that for the 7.5-week period after the ban in Ontario was lifted, same-store sales were up 5.1% from a year ago. Dollarama opened a net 13 new stores during the quarter to bring its total number of stores to 1,381, up from 1,314 a year ago.

British supermarkets Morrisons (MRWSY, US $ 20) currently the target of two competing takeover bids, posted higher sales, but negative results for their lagged first half of February 1 to August 1, 2021, according to figures released Thursday. Turnover rose 3.7% to 9.05 billion pounds, but the group shows a net loss of 54 million pounds – against a profit of 70 million pounds a year earlier. Excluding taxes and exceptional items, the group posted a positive result of 105 million pounds (-37.1%). For Richard Hunter, analyst at Interactive Investors, however, the outlook is “naturally optimistic” and profits “will immediately increase” with the disappearance of the restrictions linked to COVID and which weighed down at the start of the year on the coffee and coffee sectors. fuel and food to go. The group expects an improvement for its second half, hoping for a “profit before taxes and exceptional items (…) considerably higher than the 105 million pounds sterling achieved in the first half”. Morrisons has a 10% market share in the UK, according to figures from the Kantar firm as of August 8. The chain has nearly 500 stores and more than 110,000 employees in the United Kingdom.


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