We now own three of the leading optical retail banners in Eastern Canada,

[Chris Ryser]

Press release
New Look Eyewear Inc. Announces Record Revenues for Both the Fourth Quarter and the Year Ended December 27th of 2014 and Its Quarterly Dividend

Published: Mar 16, 2015 9:38 p.m. ET

MONTREAL, QUEBEC, Mar 16, 2015 (Marketwired via COMTEX) -- New Look Eyewear Inc. (BCI) ("New Look") announced today that revenues for the fourth quarter ended December 27, 2014 reached a record of $ $40.8 million, an increase of 59.4% over the corresponding period of last year. This increase was due to a comparable store(1) orders increase of 4.4%, additional revenues generated by 122 stores opened or acquired over the past 24 months including the acquisition of the assets and the business of Vogue Optical (65 stores) in December 2013 and the acquisition of the assets and business of the Greiche & Scaff banner (49 stores) last October. Adjusted EBITDA(2) for the fourth quarter was $7.5 million, compared to an adjusted EBITDA of $ $4.4 million last year, an increase of 69.4%.
Net earnings attributed to shareholders of $2.0 million for the quarter were up 81.9% from last year. This included acquisition-related and restructuring costs of $1.0 million. This is in line with the EBITDA increase following the Vogue Optical acquisition and reflects additional depreciation, amortization and financial expenses, as well as acquisition costs and restructuring costs related to Greiche & Scaff. In spite of these additional expenses and the issuance of shares, mainly pursuant to the financing of both the Vogue Optical and Greiche & Scaff acquisitions, net earnings per share(3) for the quarter increased to $0.15 from $0.11 last year. Net earnings per share adjusted to remove the impact of acquisition- related costs and restructuring increased to $0.21 from $0.17 last year.

Cash flows from operating activities(before changes in working capital) reached $6.5 million or $0.47 per share(3)in the fourth quarter of 2014 compared to $3.5 million and $0.29 per share lastyear.
Year-to-date results
Year-to-date revenues and adjustedEBITDA reached a record $140.2 million and $27.0 million respectively, whichrepresent increases of 54.2% and 71.3% respectively over last year. Expressedas a percentage of revenues, adjusted EBITDA represented 19.3% in 2014 ascompared to 17.3% in 2013. Net earnings attributed to shareholders of $7.8million were up 24.6% from last year, including acquisition-related andrestructuring costs of $2.3 million. Net earnings per share were $0.59 comparedto $0.58 last year, thus reflecting additional depreciation, amortization andfinancial expenses, acquisition and restructuring costs related to Greiche& Scaff as well as the issuance of shares over 2013 and 2014. Net earningsadjusted to remove the impact of acquisition-related and restructuring costsincreased to 9.4 million from 7.0 million last year, an increase of 34.3%. Samestore orders year-to-date were up 1.7% over last year.
Cash flows from operating activities(before changes in working capital) increased significantly to $24.3 million or$1.83 per share from $14.5 million or $1.34 per share last year.


More details on the financialperformance of the fourth quarter and the total year are available in theattachments.
Antoine Amiel, the Vice-Chairman of NewLook, stated that: "The successful acquisition of Greiche & Scaff inthe fourth quarter of 2014, following the acquisition of Vogue Optical inDecember 2013, has moved the New Look group to a new level. We are now thesecond largest optical retail chain in Canadaand are well positioned to continue to grow and become a national player off ofa strong base in Quebec and the Atlantic provinces."

Martial Gagne, the President of NewLook, commented: "We are pleased to report a strong operating andfinancial performance in the fourth quarter. As a result, 2014 was a recordyear for revenues and adjusted EBITDA for the company, reaching $140.2 millionand $27.0 million respectively. Same store sales for the year were stable at1.7% while cash flow from operations was very strong, reaching $24.3 million ($1.83per share). All of these and other positive operating and financial factors areconcrete evidence of the success of our growth strategy in the past severalyears, both generic and by acquisition. We now own three of the leading opticalretail banners in Eastern Canada, which is ourbase for future growth in our existing markets and across the country."

See all of it: --------à http://www.marketwatch.com/story/new...03-16-21173381

[HindSight2020]

Sounds like they're bragging looking to entice interest for an acquisition. That would really raise the stock values as it did for Coastal.

[optimensch]

Sounds like they're bragging looking to entice interest for an acquisition. That would really raise the stock values as it did for Coastal.

If a rising stock price gives you bragging rights.....they can brag away. bci.to is the ticker symbol.

They're on a roll.

[HindSight2020]

If a rising stock price gives you bragging rights.....they can brag away. bci.to is the ticker symbol.

They're on a roll.

The additional growth in EBITDA from 122 stores equates into just over $25K contribution from each newly acquired location.

That's not a stellar ROI. What was the acquisition price paid last year for Vogue and GS?