Cogeco, Roots, BlackBerry: Earnings Up, Outlooks Mixed

Cogeco reports higher Q2 profit of $79.8M as revenue slides to $713M

Cogeco Inc. posted a second-quarter profit of $79.8 million, an increase of about 4% from $76.6 million a year earlier. Earnings per diluted share were $1.97, up from $1.88 in the same quarter last year. Despite the rise in profit, the company’s revenue fell to $713 million for the period ended Feb. 28, a decline of more than 5% year-over-year from $753.2 million.

The company revised its guidance for the 2026 fiscal year, lowering expectations for revenue and adjusted earnings. Management attributed the change largely to increased pressure on U.S. internet subscriber revenue. Cogeco’s Canadian operations continue to show strength, while the U.S. segment is expected to face more challenging results in the first half of the year.

Cogeco Communications Inc., the company’s cable and internet subsidiary, reported an improved profit of $83.6 million for the quarter, up from $79.6 million in the prior-year quarter. This performance highlights the differing dynamics across Cogeco’s business units and underscores management’s focus on navigating headwinds in the U.S. market.

Retailer Roots reports $14.7M Q4 profit, sales up from year ago

Roots Corp. returned to profitability in its fourth quarter, reporting $14.7 million in profit after a loss of $21.7 million in the prior-year period. The company said earnings equated to 37 cents per share for the quarter ended Jan. 31, compared with a loss of 54 cents per share a year earlier when it recorded a non-cash impairment charge.

On an adjusted basis, Roots reported earnings of 42 cents per share in the quarter, modestly higher than the adjusted 40 cents per share reported in the same quarter last year. Total sales for the quarter were $115.5 million, up from $110.8 million. Direct-to-consumer sales grew to $107.0 million from $101.2 million, while partners and other sales decreased to $8.5 million from $9.6 million.

Last month, Roots initiated a strategic review that could ultimately include a sale of the business. CEO Meghan Roach said the company is encouraged by the level of interest and engagement in that process as management evaluates options to maximize shareholder value.

BlackBerry reports US$24.3M Q4 profit, revenue up 10 per cent from year earlier

BlackBerry Ltd. reported a fourth-quarter profit of US$24.3 million, reversing a loss of US$7.4 million in the prior-year period. On a per diluted share basis, the company recorded earnings of four cents US for the quarter ended Feb. 28, compared with a loss of one cent US per share a year earlier. Adjusted earnings were six cents US per share, up from an adjusted three cents US per share in the same quarter last year.

Revenue grew to US$156.0 million for the quarter, a roughly 10% increase from US$141.7 million a year earlier. Looking ahead, BlackBerry provided an outlook for the upcoming quarters, forecasting first-quarter revenue between US$132 million and US$140 million, and projecting full-year revenue for its 2027 fiscal year in the range of US$584 million to US$611 million. These expectations give investors a view of management’s confidence in revenue trends and the company’s core business lines.

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