The company posted a profit of C$24,000 for the period ending April 30, a sharp turnaround from the C$2.8 million loss recorded during the same quarter last year. On a per-share basis, earnings reached C$0.01, defying Wall Street projections that anticipated a loss of C$0.02. Revenue growth of 30% surpassed the C$171.2 million consensus estimate, marking an all-time high for the firm even with three fewer days in the quarter.

Chief Executive Raj Grover credited the performance to disciplined cost-cutting measures and improved supply chain logistics. He noted that the company’s Canadian bricks-and-mortar locations continue to outperform the wider industry, generating sustained free cash flow. While the stock has faced a 15% decline since the start of the year, this latest result anchors a strategy focused on deepening domestic market share and pursuing potential expansion opportunities across Europe.