Liquor Stores N.A. Ltd. Reports Second Quarter Financial Results
7.0% Sales Growth 60 BPS Increase in Gross Margin % 20% Increase in Adjusted Operating Margin
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 08/14/15 -- Liquor Stores N.A. Ltd. (the "Company" or "Liquor Stores") (TSX: LIQ), North America''s largest publicly traded liquor retailer, today reported its results for the three and six months ended June 30, 2015.
"We continue to see strong increases in both same-store sales-up 2.6% in Canada-and gross margin-up 60bps-in the second quarter," commented Stephen Bebis, President and CEO of the Company. "This is impressive considering the pressure we face with transaction count and basket size in some of our Alberta oil and gas-based markets as well as the BC government''s decision to allow their own liquor stores to go head to head with private sector stores starting in the second quarter."
"We continue to execute our Seven Point Plan and make investments to strengthen our operating platform and grow long-term profitability. We are proud of the 20% increase in operating margin this quarter," said Mr. Bebis.
SECOND QUARTER HIGHLIGHTS
STRATEGIC HIGHLIGHTS
(1) Same-store sales and adjusted operating margin are non-IFRS measures that do not have any standardized meaning prescribed by IFRS. For more information on these non-IFRS measures see the ''Non-IFRS Financial Measures'' in our Management Discussion and Analysis ("MD&A") for the three and six months ended June 30, 2015.
FINANCIAL HIGHLIGHTS
The MD&A and the consolidated financial statements for the three and six months ended June 30, 2015 are available on the Company''s website () and on the SEDAR website ().
CONFERENCE CALL
Liquor Stores N.A Ltd. will host an analyst and investor conference call on Monday, August 17, 2015 to discuss results for the second quarter ended June 30, 2015. The conference call will take place at 7:30 a.m. (MT). Participants on the call will include Stephen Bebis, President and Chief Executive Officer, and David Gordey, Senior Vice President and Chief Financial Officer.
To participate in the call, please dial 1-416-340-8530 or toll-free at 1-800-396-7098. An archived recording of the conference call will be available approximately one hour after the completion of the call until August 24, 2015, by dialing: 905-694-9451 or Toll-Free Access: 1-800-408-3053. The required Passcode is: 4995929.
ABOUT LIQUOR STORES N.A. LTD.
The Company currently operates 249 retail liquor stores in Alberta, British Columbia, Alaska and Kentucky. Liquor Stores'' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (176 stores); Liquor Depot and Liquor Barn in British Columbia (35 stores); Brown Jug in Alaska (23 stores); and Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (15 stores). The Company''s common shares and convertible subordinated debentures trade on the Toronto Stock Exchange under the symbols "LIQ" and "LIQ.DB.A", respectively.
Additional information about Liquor Stores N.A. Ltd. is available at and the Company''s website at .
FORWARD-LOOKING STATEMENTS
In the interest of providing current shareholders and potential investors with information regarding current results and future prospects, this release may contain forward-looking statements about the Company''s objectives, plans, goals, aspirations, strategies, financial condition, results of operations, cash flows, performance, prospects and opportunities. All statements and information other than statements of historical fact contained in this release are forward-looking statements, including, without limitation, statements regarding the future financial position and performance of the Company, business strategies, costs, as well as plans and objectives of or involving the Company. Forward-looking statements are typically identified by words such as "believe", "expect", "will", "intend", "project", "anticipate", "estimate", "continue", "forecast", "could", "goal", "foresee", "seek", "strive", "may", "should" and similar expressions or the negatives thereof, as they relate to the Company and its Management. These forward-looking statements include, but are not limited to, statements with respect to the future payment and timing of the payment of the Company''s dividends, the anticipated opening dates of new stores, and Management''s general expectations that the Company will have sufficient funds to complete store acquisitions, develop new stores and finance inventory.
Forward-looking statements reflect the Company''s current plans, intentions, and expectations, which are based on Management''s perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The Company''s plans, intentions, and expectations are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. There is no assurance that the plans, intentions, or expectations upon which these forward-looking statements are based will occur and such forward-looking statements included in this release should not be unduly relied upon.
Forward-looking statements are subject to risks, uncertainties and assumptions, including, but not limited to, those discussed under "Risk Factors" in the Company''s MD&A for the year ended December 31, 2014, and the Company''s Annual Information Form. Other risks and uncertainties not presently known to the Company or that Management presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements.
The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this release are made as of the date of this release and the Company assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law.
Contacts:
Liquor Stores N.A. Ltd.
David Gordey, CA
Senior Vice President and Chief Financial Officer
(780) 497-3262
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Datum: 14.08.2015 - 15:47 Uhr
Sprache: Deutsch
News-ID 1379282
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Beverages
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