Earnings● Neutral
City Electric Supply sales rise 10% across North America in seventh straight strong year
U.S. net sales rose 9.33% and Canadian net sales climbed 14.04% in fiscal 2025–2026. Co-CEO Blair Feidler was promoted following Andrew Dawes's retirement.
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City Electric Supply closed its seventh consecutive fiscal year of rising North American revenue, the Dallas-based electrical wholesaler said Tuesday.
U.S. net sales climbed 9.33% year over year for fiscal 2025–2026, and five-year compounded annual growth there hit 14.23%. Canadian net sales jumped 14.04% year over year, with a five-year CAGR of 12.53%. Across the continent, sales rose 10%.
CES opened 20 new branches during the year: 19 in the U.S., including its first locations in Puerto Rico and Rhode Island, and one in New Brunswick, Canada. The New Brunswick site is CES's first in a seventh Canadian province, stretching the company's operational footprint from Vancouver Island to Halifax.
Co-CEO John Gray credited the performance to local decision-making. “By empowering our branches to make decisions that best serve their communities, we continue growing while staying true to our values,” he said.
Leadership change