Groupe Dynamite Posts Q2 2026 Record Margins on Luxury-Focused Shift

Groupe Dynamite Inc. (TSX: GRGD) delivered its strongest quarter in recent history, with adjusted EBITDA margins reaching 44.3% in Q2 2026—a 740-basis-point increase year-over-year and the highest since reporting under IFRS. Total revenue climbed to CAD 423.6 million, up 29.8% from the same period in 2025, with U.S. sales alone rising 52.2% to CAD 271.6 million. E-commerce contributions grew by 31.5% to CAD 61.4 million, while comparable store sales expanded 10.3% (12.3% on a constant-currency basis). The company’s gross margin expanded by 520 basis points to 68.8%, and adjusted SG&A margin improved by 210 basis points to 24.6%. Earnings per share (EPS) exceeded estimates by 134%, landing at CAD 0.96 per share, despite a 0.86% pre-market dip in the share price to $56.38, down from a 52-week high of $98.88. In Q2 alone, Groupe Dynamite returned CAD 63 million to shareholders through share repurchases, with year-to-date buybacks totaling CAD 102 million.