Novik

Novik Market Overview

Novik Inc. (TSXV: NVK) demonstrated strong in-store performance across the first half of 2026, with revenue growing 32.3% year-to-date according to data from Grips Intelligence, driven primarily by Menards which captured 62.3% of sales during the January through June period. The brand's average product price increased 4.6% over the same timeframe, signaling favorable pricing dynamics, while the company maintained a balanced presence across two major retailers with online channels including menards.com and homedepot.com. During the final quarter tracked (April-June 2026), monthly revenue growth accelerated to 11.9%, demonstrating sustained momentum heading into the second half of the year. Key in-store offerings ranged significantly in price from mounting blocks under $7 to premium siding panels exceeding $200, reflecting a diversified product portfolio targeting both budget and premium customer segments.