“In the third quarter, our focus on core retail execution and an enthusiastic consumer response drove another quarter of strong financial results,” Galen G Weston, president and chairman of the company, said in a press release.
The company’s net earnings available to common shareholders also increased by C$89 million reaching to C$431 million compared with the third quarter of 2020 while the diluted net earnings per common share were C$1.27 as it grew by C$0.31 or 32.3 per cent when compared to the third quarter of 2020.
On the other hand, the group repurchased 3.4 million common shares for cancellation at a cost of C$300 million and 13.6 million common shares at a cost of C$1,000 million on a year-to-date basis. It also invested C$330 million in capital expenditures and generated C$455 million of free cash flow.
Fibre2Fashion News Desk (DD)