Groupe Dynamite (GRGD) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 delivered record results, with revenue of $1,310.2 million, up 36.7% year-over-year, and Q4 revenue up 45%, despite external challenges.

• Comparable store sales grew 26.7% for the year, with Q4 growth of 30.4%.

• Gross margin reached 63.8% for FY25, up 100 bps, and adjusted EBITDA margin expanded to 36.5%.

• E-commerce revenue grew 44.2% for the year, with Q4 digital sales up 63.3% and digital penetration at 18.9%.

• Employee ownership, top employer recognition, and operational agility contributed to a unified, high-performing culture.

Financial highlights

• Q4 2025 revenue was $394.2 million, up 45% year-over-year; full-year revenue reached $1,310.2 million, up 36.7%.

• Q4 adjusted EBITDA margin reached 36.6%, and full-year margin was 36.5%; gross margin hit 63.8% for the year.

• Q4 operating income up 128.8% to $116.0M; full-year operating income up 78.0% to $377.7M.

• Free cash flow for the year was $335.2M, up 104.8% year-over-year; cash generated from operations was $226.9M.

• Q4 diluted EPS $0.69 (up from $0.28); full-year diluted EPS $2.20 (up from $1.25).

Outlook and guidance

• Fiscal 2026 guidance: comparable store sales growth of 11–14%, total revenue growth of 22–25%, and adjusted EBITDA margin of 37.75–39.25%.

• Plans for 24–26 new store openings, with 10–12 net new stores, including 5 in the U.K.

• Capital expenditures projected at $100–$110 million, focused on growth and digital investments.