Goodfellow reports Q1, 2024 new loss of $108,000

Goodfellow Inc.
April 30, 2024
Category: Finance & Economics
Region: Canada, Canada East

DELSON, Quebec — Goodfellow announced today its financial results for the first quarter ended February 29, 2024. The Company reported a net loss of $108 thousand to a net loss of $211 thousand a year ago. Consolidated sales for the three months ended February 29, 2024 were $105.3 million compared to $105.9 million last year. Though under pressure from lingering inflation and cautious consumer sentiment, Goodfellow achieved a comparable overall financial performance. …With uncertain economic conditions ahead, the Company will continue to protect margins and seize opportunities for growth with new and existing customers.

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