The North West Company Inc. (the "Company" or "North West") today reported its unaudited financial results for the fourth quarter ended January 31, 2018. It also announced that the Board of Directors have declared a dividend of $0.32 per share to shareholders of record on March 29, 2018, to be paid on April 16, 2018.
"Results were strong in priority areas where we had the most control, notably in Health, Convenience, Financial Services and the post-hurricane recovery of our British Virgin Island stores. We were hurt by hurricane carryover disruptions to supply chains in the Caribbean and severe northern winter conditions over our key December selling period," commented President & CEO Edward Kennedy. "Looking forward, we are focused on improving our Giant Tiger store results and we are positioned to capture growth and returns from the record investment we made in other businesses last year. This includes the build out of our air cargo service and superior performance from spending on new systems and Top Stores."
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