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Groupe Dynamite Inc
Symbol GRGD
Shares Issued 15,708,723
Close 2025-12-24 C$ 86.62
Market Cap C$ 1,360,689,586
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Globe says Groupe Dynamite enjoys explosive growth

2025-12-29 06:35 ET - In the News

The Globe and Mail reports in its Saturday edition that fashion retailing is notoriously fickle: Chains that once ruled the mall -- American Apparel, The Limited and Aeropostale -- are now as relevant as leg warmers and bulky shoulder pads. The Globe's John Heinzl writes, however, there is one notable exception: Groupe Dynamite. Since opening its first store in Montreal in 1975, the company has expanded to more than 300 Garage and Dynamite locations across Canada and the United States, catering to Gen Z and millennial women seeking trendy, affordable clothing. Thanks to effective social media marketing, growing e-commerce sales and a knack for staying on top of trends, recent results have been, well, dynamite: For the third quarter ended Nov. 1, same-store sales soared 32 per cent, prompting the company to raise its full-year forecast and declare a special dividend of $2.30 a share. Gross margin, meanwhile, rose to an impressive 66.1 per cent, reflecting strong inventory management and limited markdowns. Investors are taking notice: Since going public in November, 2024, the share price has more than quadrupled. The stock is trading like a must-have item now, but time will tell if it ends up on the discount rack.

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