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Blue Jays playoff run helps boost Q4 profit and revenue at Rogers Communications
Rogers Communications Inc. (TSX:RCI.B)
Fourth-quarter highlights:
- Profit: $743 million (from $558 million a year earlier)
- Revenue: $6.17 billion (from $5.48 billion)
Rogers Communications reported higher profit and revenue in the fourth quarter, helped in part by the Toronto Blue Jays’ deep playoff run. The company, which owns the team and operates media, cable and wireless businesses, earned a profit attributable to shareholders of $743 million, or $1.37 per diluted share, for the quarter ended Dec. 31. That compares with $558 million, or $1.02 per diluted share, in the same period a year earlier.
On an adjusted basis, Rogers reported $1.51 per diluted share in the latest quarter versus $1.46 a year earlier. Consolidated revenue increased to $6.17 billion from $5.48 billion the prior year. Media revenue — which includes the Blue Jays — rose sharply to $1.24 billion from $547 million year-over-year, while wireless revenue was essentially flat at $2.97 billion compared with $2.98 billion. Cable revenue remained steady at $1.98 billion. The Blue Jays advanced to a Game 7 in the World Series, extending the company’s media exposure during the quarter.
CPKC profits fall in fourth quarter despite revenue gain from grain, container cargo
CPKC (TSX:CP)
Fourth-quarter highlights:
- Profit: $1.08 billion (down from $1.20 billion)
- Revenue: $3.92 billion (up from $3.87 billion)
Canadian Pacific Kansas City Ltd. posted a 10% decline in quarterly net income despite a modest rise in revenue. Net income fell to $1.08 billion in the quarter ended Dec. 31 from $1.20 billion the same period a year earlier. Revenues increased 1% to $3.92 billion, supported by a 3% gain in grain and container revenue.
Core adjusted diluted earnings per share rose to $1.33 from $1.29 a year earlier. For the full year, CPKC delivered an 11% increase in net income to $4.14 billion and nearly 4% growth in revenues to $15.08 billion. Looking ahead, the company forecasts low double-digit growth in core adjusted diluted earnings per share for 2026, mid-single-digit volume growth, and a planned 15% reduction in capital expenditures to $2.65 billion.
Business and tech consulting firm CGI reports Q1 profit and revenue up from year ago
CGI Inc. (TSX:GIB.A)
First-quarter highlights:
- Profit: $442 million (from $438.6 million)
- Revenue: $4.08 billion (from $3.79 billion)
CGI Inc. reported modest year-over-year growth in its first quarter, with profit rising to $442.0 million from $438.6 million. Revenue climbed nearly 8% to $4.08 billion. On a per-share basis, the company reported $2.03 per diluted share for the quarter, up from $1.92, and adjusted earnings of $2.12 per diluted share versus $1.97 a year earlier.
The firm also announced a collaboration with OpenAI to expand the use of artificial intelligence across its operations and to help clients integrate AI capabilities. CGI employs roughly 94,000 consultants and professionals worldwide, providing a range of business and technology services to public- and private-sector clients.
Cascades selling packaging plant to Crown Paper Group in a deal worth $65.5M
Cascades Inc. has reached an agreement to sell a packaging plant in Richmond, British Columbia, to Crown Paper Group for $65.5 million, including real estate. The transaction is expected to close within days, subject to customary closing conditions. Cascades said the facility was geographically isolated from its main operations and offered limited integration benefits.
CEO Hugues Simon framed the sale as part of Cascades’ broader effort to improve profitability and optimize its network. The disposal follows a recent sale of a flexible packaging plant to Five Star Holding of Texas for $31 million. Cascades manufactures cardboard packaging, tissue products such as toilet paper and paper towels, and other paper-based consumer goods.
Sobeys parent company Empire shutters Voilà grocery delivery in Alberta
Empire Co. Ltd., the parent of Sobeys, said it will close Voilà grocery delivery operations in Alberta and pause planned expansion in the Vancouver area after the e-commerce business underperformed expectations in Western Canada. The company will record a $750 million writedown tied to its e-commerce network in the region.
Empire will continue Voilà services in Ontario and Quebec, where demand remains stronger, and has formed a partnership with DoorDash to offer same-day deliveries. That third-party delivery integration will roll out over the coming months as part of a redesigned e-commerce strategy aimed at aligning services with customer preferences and cost targets. Following the announcement, Empire shares rose as much as 8% intraday before settling with smaller gains.
Overall, this week’s corporate reports highlight a mix of outcomes for Canadian investors: media and event-driven gains at Rogers, revenue growth but lower margins at CPKC, steady expansion and new AI partnerships at CGI, strategic asset sales at Cascades, and a reset of e-commerce investments at Empire. Investors may want to weigh the implications of media exposure, freight and commodity demand, technology partnerships, asset divestitures and online grocery economics when evaluating these names.
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