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Jewett-Cameron Trading - $JCTCF STOCK NEWS

Welcome to our dedicated page for Jewett-Cameron Trading news (Ticker: $JCTCF), a resource for investors and traders seeking the latest updates and insights on Jewett-Cameron Trading stock.

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Rhea-AI Summary
Jewett-Cameron Trading Company reported its second-quarter financial results for fiscal 2024, showing a slight increase in sales but a decrease in net income. The company is focusing on innovation and cost reductions to combat economic pressures. They are also seeking new funding arrangements after a reduction in their bank line of credit.
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End-of-Day
-13.39%
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Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) reported a decrease in sales for the first quarter of fiscal 2024, with a loss from operations of ($789,224) compared to a loss of ($6,798) in the year ago period. However, net income for the current quarter was $1,291,541, or $0.37 per share, compared to a net loss of ($73,760), or ($0.02) per share, in the year-ago quarter. The company's cash position was $3.5 million, and there was no borrowing against its $10.0 million line of credit as of November 30, 2023. Despite challenges from the pandemic and inflation, the company's pet segment sales lagged, but sales of fencing products and the new MyEcoWorld® line of sustainable bag products are growing. The company believes it has sufficient working capital available for the remainder of fiscal 2024 based on the timing of accounts receivable and the available line of credit.
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-10.91%
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Rhea-AI Summary
Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCF) reported a net loss of ($0.01) per share for the fiscal year ended August 31, 2023, with sales of $54.3 million. In Q4 2023, the company had sales of $14.6 million and a net income of $0.08 per share. CEO Chad Summers attributed the lower results to extended winter weather and inflationary pressures. The company has ceased cleaning operations at its Jewett-Cameron Seed segment and is focusing on launching new sustainable bag products.
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Jewett-Cameron Trading

Nasdaq:JCTCF

JCTCF Rankings

JCTCF Stock Data

18.72M
3.47M
42.07%
16.59%
0.03%
Home Centers
Retail Trade
Link
United States of America
North Plains

About JCTCF

jewett cameron: business consists of proprietary steel and wood based fencing products and steel based seasonal consumer products sold and distributed primarily by the big box home center and agricultural retail market place. products are sold under the names of lucky dog™ kennels, akc™ pro breeder kennels, aspca™ kennels, weatherguard™ and spring gardener™ greenhouses, adjust-a-gate™ and perimeter patrol™.