TORONTO – Five things to watch in the Canadian business world in the coming week:
Freshii Inc. will release second quarter results on Tuesday. The Toronto-based company announced in May that it recorded a loss of $ 1 million in its first quarter as many of its restaurants were temporarily closed due to COVID-19.
Canada Goose Revenue:
Canada Goose is expected to release its first quarter results on Wednesday. The luxury parka maker known for its hoods trimmed with coyote fur said in June it would stop using fur in its products by the end of next year.
Back to theaters:
Cineplex Inc. will release its second quarter results on Thursday. Theaters in Ontario and Manitoba were the last to reopen in June for the summer season after being closed for months due to pandemic lockdowns. Ontario theaters have been closed longer than anywhere else in North America, and theaters in the Greater Toronto Area have closed for nine months.
Metro Inc. will have third quarter results and a call with analysts on Wednesday. In June, Canada’s agriculture ministers gave grocers across the country until the end of the year to propose measures to regulate the industry. Calls for a code of conduct have escalated after Loblaw Companies and Walmart Canada have imposed higher fees on suppliers in recent months.
Canadian Tire Results:
Canadian Tire Corporation will release its second quarter results and hold a conference call Thursday. The retailer reported in May that the early onset of spring had skyrocketed demand for everything from patio furniture and inflatable pools to barbecues and bicycles, leading to higher-than-expected sales growth in the first quarter.
This report by The Canadian Press was first published on August 8, 2021.