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You are here: Home / News / Boyd Group Reports 2020 Sales Down 8.5% on Pandemic Impact

Boyd Group Reports 2020 Sales Down 8.5% on Pandemic Impact

March 24, 2021 By CollisionWeek Editor

Same store sales were down 15.6%, worse in Canada due to slower reopening.

Boyd Group Services Inc. (TSE: BYD.TO) today reported its 2020 sales decreased by 8.5% to CA$2.1 billion ($1.66 billion) from CA$2.3 billion ($1.81 billion) in 2019. According to the company, same-store sales decreased by 15.6%, with Canada having a greater negative impact due to the slower economic reopening and more significant restrictions in place compared to the U.S.

Boyd 2020 Earnings Table

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 8.2% to CA$293.6 million (233.83 million), including the benefit of CA$16.9 million ($13.46 million) of Canada Emergency Wage Subsidy

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Filed Under: News Tagged With: Boyd Group, Earnings

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