- Cineplex
- Roots
- Corus Entertainment
- Cogeco
- Delta Air Lines
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Cineplex reports year-over-year drop in March box office revenue
Cineplex Inc. (TSE: CGX)
- Q1 box office revenue: $101.9 million, down from $125.1 million a year earlier.
Cineplex Inc. reported that its March box office revenue fell to $29.5 million, down sharply from $59.2 million the same month last year. Last year’s stronger performance was driven by major releases such as Dune: Part Two and Kung Fu Panda 4.
This year’s March results were led by Disney’s Snow White and Mickey 17, but overall demand left Cineplex with a lower first-quarter total of $101.9 million versus $125.1 million in Q1 2024.
Looking ahead, Cineplex noted the second quarter began with a strong debut for A Minecraft Movie and anticipated further releases including Thunderbolts, Mission: Impossible – The Final Reckoning, Karate Kid: Legends, and live-action adaptations of Lilo & Stitch and How to Train Your Dragon. These titles could help the company regain momentum as the year progresses.
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Roots has “limited” tariff exposure, watching for shift in consumer sentiment: CEO
Roots Corp (TSE: ROOT)
- Q4 total sales: $110.8 million, up from $108.2 million a year earlier.
- Quarterly loss: $21.7 million or 54 cents per share, compared with a profit of $14.6 million or 36 cents per share a year earlier.
Roots Corp. says it has only limited direct exposure to recent U.S. tariffs, but its leadership is monitoring any secondary effects on consumer confidence. CEO Meghan Roach told analysts the company’s small U.S. footprint means tariffs so far have not materially affected operations.
Roots operates just two U.S. stores and manufactures many leather goods in Toronto. Some apparel is sourced from Asia and Europe, but the company ships the majority of its goods to Canada, which Roach said reduces direct impact from U.S. trade measures.
Roach pointed out that broader economic uncertainty may still affect Canadian shoppers. The company has seen momentum carry from the fourth quarter into Q1, and while there’s increased interest in Canadian-made goods, it’s difficult to separate that effect from other positive trends such as new marketing and improved inventory management using AI.
Roots reported fourth-quarter total sales of $110.8 million, with direct-to-consumer sales rising to $101.2 million from $97.8 million a year earlier. Partner and other sales were $9.6 million, down from $10.5 million.
A non-cash $50-million impairment on intangible assets contributed to the quarter’s loss of $21.7 million, compared with a year-earlier profit of $14.6 million. On an adjusted basis, Roots earned 40 cents per share versus an adjusted 36 cents per share the previous year.
Because apparel ordering and production are planned well in advance, Roots said its seasonal merchandise strategies give it flexibility—many items can be marketed year-round, limiting the risk of inventory obsolescence.
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Corus Entertainment reports Q2 loss, revenue down
Corus Entertainment Inc (TSE: CJR.B)
- Q2 loss: $55.9 million or 28 cents per diluted share, compared with a loss of $9.8 million or five cents per share a year earlier.
- Revenue: $270.4 million, down from $299.5 million.
Corus Entertainment reported a widened loss in its second quarter as revenue declined by 10% year over year. The company recorded a loss attributable to shareholders of $55.9 million, or 28 cents per diluted share, for the quarter ended Feb. 28, compared with a loss of $9.8 million, or five cents per share, a year earlier.
Overall revenue for the quarter was $270.4 million, down from $299.5 million. Television revenue fell to $251.8 million from $278.1 million, while radio revenue dropped to $18.5 million from $21.5 million. On an adjusted basis, Corus reported an adjusted loss of 21 cents per share versus an adjusted loss of three cents per share a year earlier.
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Cogeco earnings decline in Q2
Cogeco Inc (TSE: CGO)
- Q2 profit: $18.2 million, down from $24.0 million a year earlier.
Cogeco Inc. reported second-quarter profit attributable to shareholders of $18.2 million, down from $24.0 million a year earlier. Consolidated revenues were $753.2 million for the quarter ended Feb. 28, essentially flat compared with $751.9 million in the prior year period.
Cogeco Communications Inc., the company’s cable and internet subsidiary, reported revenue of $732.4 million, slightly above $730.5 million the previous year, but profit at that unit fell to $74.7 million from $93.7 million. President and CEO Frédéric Perron said the company’s new operating model is starting to show benefits and highlighted ongoing internet subscriber growth in Canada and modest improvements in the U.S.
Cogeco’s wireless service launch plans on track as pre-registrations open: CEO
Cogeco said preparations to launch mobile service in Canada are progressing and that pre-registrations from existing customers have exceeded expectations. The company plans to roll out wireless coverage across its broadband footprint in Ontario and Quebec, though it has not specified exact timing.
Cogeco began offering wireless services under the Breezeline Mobile brand to customers in selected U.S. markets last year. Management said the U.S. wireless rollout is contributing to subscriber growth and helping reduce wireline churn.
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Delta Air Lines had been expecting a record year—then a trade war broke out
Delta Air Lines Inc (NYSE: DAL)
(All figures in U.S. dollars.)
- Q1 earnings: $240 million or 37 cents per share, up from $37 million or 6 cents per share a year earlier.
- Operating revenue: $14.04 billion, up from $13.75 billion a year earlier.
Delta Air Lines said it had expected 2025 to be a record year but has withdrawn its full-year guidance amid mounting global trade uncertainty. The airline cited disruptions from recent tariff actions as a key reason for removing its performance outlook for the year.
Delta is trimming capacity for the second half of the year as a precaution against a potential slowdown in consumer and corporate spending. CEO Ed Bastian emphasized the company is protecting margins and cash flow by focusing on controllable factors while adjusting to weaker growth driven by trade tensions.
For Q1, Delta reported net income of $240 million, or 37 cents per share, an improvement from $37 million, or 6 cents per share, the year before. Adjusted earnings per share were 46 cents, above expectations. Operating revenue rose to $14.04 billion, helped in part by lower average fuel prices.
Despite beating some estimates, Delta’s management said economic signals tied to trade policy have softened travel demand. The airline now projects June-quarter profitability between $1.50 and $2.00 billion but will not provide updated guidance for the full year amid the uncertain outlook.
Delta’s leadership remains confident the company is positioned to deliver solid profitability and meaningful cash flow in 2025 if conditions stabilize, but they are preparing for a slower growth environment and adapting capacity and cost plans accordingly.
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