Quarterly ResultApr 13, 2026, 04:07 PM
Jewett-Cameron Q2 Revenue Up 16% to $10.5M; Net Loss Widens
AI Summary
Jewett-Cameron Trading Company reported a 16% increase in Q2 2026 revenue to $10.5 million, primarily driven by the liquidation of excess inventory. However, the company's net loss widened to $(1.2) million, or $(0.35) per share, compared to $(573,000) in Q2 2025, due to lower gross profit margins from selling inventory at or below cost. The company is focused on monetizing remaining non-core assets and evaluating strategic partnerships and divestitures amidst tariff uncertainty and soft consumer sentiment.
Key Highlights
- Q2 2026 revenue increased 16% to $10.5 million.
- Net loss widened to $(1.2) million, or $(0.35) per share.
- Gross profit margin decreased to 15.7% from 20.1% year-over-year.
- Inventory reduced by 30% from prior quarter to $9.6 million.
- Wages and employee benefits dropped to $1.3 million.