Boyd Group sales rallies 28.2% to $1.01 billion

Boyd Group Services (NYSE:BGSI) reported third-quarter 2026 sales of US$1.013 billion, up 28.2% year-over-year, as acquired locations and same-store sales growth supported higher revenue.

New locations contributed US$206 million in sales, while same-store sales increased 2.2%, and year-to-date revenue reached US$3.023 billion.

Adjusted EBITDA, a non-GAAP earnings measure, increased 34.3% to US$132.1 million, with its margin improving to 13% from 12.4%, while net earnings fell to US$81,000 from US$10.8 million and adjusted earnings per share declined to US$0.68 from US$0.83.

Boyd realized US$50 million in savings and acquisition synergies through September under Project 360 and expects total savings of US$65 million in 2026, while also beginning share repurchases under its normal course issuer bid

The company expects to open 11 new start-up locations during the fourth quarter, while October same-store sales growth remained positive.

For the first nine months of 2026, Boyd generated US$3.023 billion in sales but recorded a net loss of US$6.6 million, compared with its third-quarter net earnings of US$81,000.