The company reported earnings today and it painted a picture of a sluggish consumer.
Same store sales at the flagship store up 1.1% vs +2.9% consensusIn Q4 essential items up 4.2% but discretionary items -2%In the 2024 year, discretionary fell 5%Mark's +1.8% vs +2.6% consensusSport Chek +0.4% vs +2.3% consensusGreg Hicks, President and CEO said they are "observing economic green shoots" on sentiment and spending but also said "consumer demand remained constrained in discretionary categories."
I also gather than Canadians are very disturbed by all the tariffs talk from the US and that could reverberate in later months.
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