Gross sales for the third quarter of fiscal 2024 totaled roughly
For the 9 months ended
“Economic factors and restrained consumer spending, particularly in the home improvement and pet categories, continue to challenge our sales and margins” stated CEO
As of
About Jewett-Cameron Buying and selling Firm Ltd.
Jewett-Cameron Buying and selling Firm is a holding firm that, via its subsidiaries, operates out of services situated in
Ahead-looking Statements
The knowledge on this launch accommodates sure forward-looking statements that anticipate future traits and occasions. These statements are based mostly on sure assumptions which will show to be misguided and are topic to sure dangers, together with however not restricted to, the uncertainties of the Firm’s new product introductions, the dangers of elevated competitors and technological change within the Firm’s trade, and different components detailed within the Firm’s SEC filings. Accordingly, precise outcomes could differ, presumably materially, from predictions contained herein.
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JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED BALANCE SHEETS (Expressed in (Ready by Administration) (Unaudited) |
|||||
|
2024 |
2023 |
||||
|
ASSETS |
|||||
|
Present property |
|||||
|
Money and money equivalents |
$ |
1,054,704 |
$ |
83,696 |
|
|
Accounts receivable, web of allowance of |
7,408,344 |
5,634,924 |
|||
|
Stock, web of allowance of |
13,470,934 |
18,339,048 |
|||
|
Pay as you go bills |
1,402,472 |
630,788 |
|||
|
Whole present property |
23,336,454 |
24,688,456 |
|||
|
Property, plant and tools, web |
4,482,130 |
4,655,427 |
|||
|
Intangible property, web |
112,431 |
134,845 |
|||
|
Deferred tax property |
396,788 |
319,875 |
|||
|
Whole property |
$ |
28,327,803 |
$ |
29,798,603 |
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|||||
|
Present liabilities |
|||||
|
Accounts payable |
$ |
787,563 |
$ |
2,181,194 |
|
|
Financial institution indebtedness |
– |
1,259,259 |
|||
|
Earnings taxes payable |
244,108 |
147,629 |
|||
|
Accrued liabilities |
2,254,484 |
2,113,194 |
|||
|
Whole liabilities |
3,286,155 |
5,701,276 |
|||
|
Stockholders’ fairness |
|||||
|
Capital inventory Approved 21,567,564 widespread shares, no par worth 10,000,000 most popular shares, no par worth Issued 3,504,802 widespread shares ( |
826,861 |
825,468 |
|||
|
Further paid-in capital |
795,726 |
765,055 |
|||
|
Retained earnings |
23,419,061 |
22,506,804 |
|||
|
Whole stockholders’ fairness |
25,041,648 |
24,097,327 |
|||
|
Whole liabilities and stockholders’ fairness |
$ |
28,327,803 |
$ |
29,798,603 |
|
|
JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF OPERATIONS (Expressed in (Ready by Administration) (Unaudited) |
||||||||
|
Three Month Interval Ended |
9 Month Interval Ended Might 31, |
|||||||
|
2024 |
2023 |
2024 |
2023 |
|||||
|
SALES |
$ |
15,896,017 |
$ |
18,945,738 |
$ |
33,931,050 |
$ |
39,666,658 |
|
COST OF SALES |
12,944,941 |
14,532,366 |
26,959,377 |
30,473,044 |
||||
|
GROSS PROFIT |
2,951,076 |
4,413,372 |
6,971,673 |
9,193,614 |
||||
|
OPERATING EXPENSES |
||||||||
|
Promoting, normal and administrative bills |
1,026,071 |
961,566 |
2,941,978 |
2,884,463 |
||||
|
Depreciation and amortization |
79,406 |
99,962 |
268,349 |
299,577 |
||||
|
Wages and worker advantages |
1,790,004 |
2,100,825 |
5,221,662 |
5,975,438 |
||||
|
2,895,481 |
3,162,353 |
8,431,989 |
9,159,478 |
|||||
|
Earnings (loss) from operations |
55,595 |
1,251,019 |
(1,460,316) |
34,136 |
||||
|
OTHER ITEMS |
||||||||
|
Different earnings |
– |
– |
2,450,000 |
– |
||||
|
Achieve on sale of property |
1,450 |
– |
90,537 |
– |
||||
|
Curiosity (expense) earnings |
(1,437) |
(152,905) |
11,527 |
(353,987) |
||||
|
13 |
(152,905) |
2,552,064 |
(353,987) |
|||||
|
Earnings (loss) earlier than earnings taxes |
55,608 |
1,098,114 |
1,091,748 |
(319,851) |
||||
|
Earnings tax expense (restoration) |
(99,254) |
363,163 |
179,491 |
(9,004) |
||||
|
Web earnings (loss) |
$ |
154,862 |
$ |
734,951 |
$ |
912,257 |
$ |
(310,847) |
|
Fundamental earnings (loss) per widespread share |
$ |
0.04 |
$ |
0.21 |
$ |
0.26 |
$ |
(0.09) |
|
Diluted earnings (loss) per widespread share |
$ |
0.04 |
$ |
0.21 |
$ |
0.26 |
$ |
(0.09) |
|
Weighted common variety of widespread shares excellent: |
||||||||
|
Fundamental |
3,504,802 |
3,498,899 |
3,502,399 |
3,498,000 |
||||
|
Diluted |
3,504,802 |
3,498,899 |
3,502,399 |
3,498,000 |
||||
|
JEWETT-CAMERON TRADING COMPANY LTD. CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in (Ready by Administration) (Unaudited) |
|||||
|
9 Month Interval Ended |
|||||
|
2024 |
2023 |
||||
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|||||
|
Web earnings (loss) |
$ |
912,257 |
$ |
(310,847) |
|
|
Gadgets not involving an outlay of money: |
|||||
|
Depreciation and amortization |
268,349 |
299,577 |
|||
|
Inventory-based compensation expense |
32,064 |
23,303 |
|||
|
Achieve on sale of property, plant and tools |
(90,537) |
– |
|||
|
Write-down of intangible property |
21,790 |
– |
|||
|
Deferred earnings tax expense |
(76,913) |
(366,566) |
|||
|
Adjustments in non-cash working capital gadgets: |
|||||
|
Enhance in accounts receivable |
(1,773,420) |
(338,489) |
|||
|
Lower in stock |
4,868,114 |
103,083 |
|||
|
(Enhance) lower in pay as you go bills |
(771,684) |
242,427 |
|||
|
Lower in pay as you go earnings taxes |
– |
208,963 |
|||
|
(Lower) enhance in accounts payable and accrued liabilities |
(1,252,341) |
1,541,107 |
|||
|
Enhance in earnings taxes payable |
96,479 |
147,215 |
|||
|
Web money offered by working actions |
2,234,158 |
1,549,773 |
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES |
|||||
|
Enhance in intangible property |
– |
(102,500) |
|||
|
Proceeds on sale of property, plant and tools |
106,649 |
||||
|
Buy of property, plant and tools |
(110,540) |
(215,685) |
|||
|
Web money utilized in investing actions |
(3,891) |
(318,185) |
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|||||
|
(Compensation to) proceeds from financial institution indebtedness |
(1,259,259) |
1,000,000 |
|||
|
Web money (utilized in) offered by financing actions |
(1,259,259) |
1,000,000 |
|||
|
Web enhance in money |
971,008 |
2,231,588 |
|||
|
Money, starting of interval |
83,696 |
484,463 |
|||
|
Money, finish of interval |
$ |
1,054,704 |
$ |
2,716,051 |
|
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