The Globe and Mail reports in its Wednesday, June 4, edition that National Bank Financial analyst Vishal Shreedhar is sticking with his "outperform" recommendation and $23 share target for Groupe Dynamite. The Globe's David Leeder writes that analysts on average target the shares at $21.20. Mr. Shreedhar expects to see "solid top line momentum" when Groupe Dynamite reports its first quarter 2025 financial results on June 17. Mr. Shreedhar says in a note: "Groupe Dynamite indicated that SSSG [same-store sales growth] was approximately 6 per cent over the first nine weeks of Q1/F25 and the company is still seeing traffic growth while continuing to raise prices in line with historical levels. Our analysis of industry trends suggests solid momentum in the U.S., with particularly strong data in April. Apparel inflation remains tepid, notwithstanding potential tariff impacts. We believe apparel retailers will begin to pass through pricing, at least in part, as they sell through existing inventory." Mr. Shreedhar is now expecting the Montreal-based firm behind the Garage and Dynamite retailers to report earnings per share of 22 cents, a penny above the consensus forecast on the Street but a penny below the result of a year ago.