Steady Financial Performance
Consolidated revenue grew by 1.5% to $18.5 billion, and adjusted EBITDA increased by 7.4%.
Strong EPS Growth
Adjusted diluted net earnings per share grew by 10.6% to $2.50. On a GAAP basis, net earnings increased by 25% due to a recovery related to a PC Bank commodity tax matter.
Expansion and Growth in Hard Discount Segment
Opened 29 new Maxi and NoFrills stores in Q3, with plans to open a total of 50 new stores and convert 42 stores in 2024.
Positive Online Sales Momentum
Online sales increased by 18.5%, marking the highest growth rate in 2.5 years.
Pharmacy and Healthcare Services Growth
Same-store sales grew by 6.3%, driven by broad strength in prescription and new healthcare services.