Sleep Country Canada Holdings Inc.

ZZZ

CA83125J1049

Home Furnishings Retailers

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
27.79 ^CAD	+0.25%		+0.98%	+8.51%

Apr. 26	National Bank Previews Sleep Country's Q1 -- Expects EPS to Decline 2.5%	MT
Apr. 08	Sleep Country Canada Price Target Raised to $30 at RBC	MT

Sleep Country earns $22.5 million in fourth quarter amid 'industry challenges'

March 06, 2024 at 06:17 pm EST

TORONTO — Sleep Country Canada Holdings Inc. says it earned $22.5 million in the fourth quarter of 2023, down from $40.5 million a year earlier.

The Toronto-based company says revenues were $255.6 million, up from $253.0 million during the fourth quarter of 2022.

Diluted earnings per share were 65 cents, down from $1.13 a year earlier.

President and CEO Stewart Schaefer said the company delivered strong results despite ongoing "industry challenges" across North America.

The company says its higher revenues during the quarter were mainly due to new stores and acquisitions, but were partially offset by a decrease in same-store sales.

Earnings for the full year were $71.2 million, down 36 per cent from $110.5 million in 2022.

This report by The Canadian Press was first published March 6, 2024.

Companies in this story: (TSX:ZZZ)

Latest news about Sleep Country Canada Holdings Inc.

National Bank Previews Sleep Country's Q1 -- Expects EPS to Decline 2.5%	Apr. 26	MT
Sleep Country Canada Price Target Raised to $30 at RBC	Apr. 08	MT
Sleep Country's Dormez-Vous To Open New Store	Mar. 15	MT
BMO on Sleep Country's Q4	Mar. 08	MT
National Bank Reviews Sleep Country's Q4 -- Raises Estimates, Target Lifted to $31	Mar. 08	MT
Sleep Country Canada Kept at Buy at Stifel GMP After Q4 Results; Price Target Raised to C$33.50	Mar. 08	MT
Sleep Country Price Target Raised to $28 at RBC	Mar. 08	MT
Transcript : Sleep Country Canada Holdings Inc., Q4 2023 Earnings Call, Mar 07, 2024	Mar. 07
Sleep Country Announces Normal Course Issuer Bid; National Bank With Sleep Country Q4 2023 Results First Take	Mar. 07	MT
Sleep Country Brief: Announcing Acceptance by TSX of Normal Course Issuer Bid	Mar. 07	MT
Sleep Country Canada Holdings Inc. announces an Equity Buyback for 2,368,443 shares, representing 7.06% of its issued share capital.	Mar. 07	CI
Sleep Country Canada Holdings Inc. authorizes a Buyback Plan.	Mar. 06	CI
Sleep Country Reports Narrower Q4 2023 Adjusted EPS of $0.56, Revenue up 5.2%	Mar. 06	MT
Tranche Update on Sleep Country Canada Holdings Inc.'s Equity Buyback Plan announced on March 7, 2023.	Mar. 06	CI
Sleep Country Canada Holdings Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 06	CI
North American Morning Briefing : Stock Futures -2-	Mar. 06	DJ
Sleep Country Canada Holdings Inc.'s Board intends to launch an Equity Buyback.	Mar. 05	CI
Sleep Country Canada to Open First Store in Les Saules	Feb. 23	MT
Sleep Country Canada to Open New Store in Toronto	Feb. 16	MT
Sleep Country Brings the Power of Sleep to Etobicoke with New Store Location	Feb. 16	CI
National Bank Previews Sleep Country Canada's Q4 Results; Raises Price Target	Feb. 06	MT
Sleep Country Canada Declares Fourth Quarter 2023 Dividend	Feb. 05	MT
Sleep Country Canada Holdings Inc. Declares Fourth Quarter 2023 Dividend, Payable on February 29, 2024	Feb. 05	CI
Sleep Country Announces New Oshawa Windfields Location	Feb. 02	MT
Sleep Country Canada Holdings Inc. Announces First Store Opening of 2024 in Oshawa's Windfields Neighbourhood	Feb. 02	CI

Chart Sleep Country Canada Holdings Inc.

Duration

Period

Chart Sleep Country Canada Holdings Inc.

More charts

Sleep Country Canada Holdings Inc. is an omnichannel specialty sleep retailer with a national retail store network and multiple ecommerce platforms. The Company has approximately 290 corporate-owned stores and 20 warehouses across Canada. It operates under retail brand banners, such as Sleep Country Canada, Dormez-vous, Endy, Hush, and Silk & Snow. Its Sleep Country Canada is an omnichannel mattress and bedding retailer and the specialty sleep products retailer operates in Canada, excluding Quebec. Dormez-vous has its omnichannel operations in Quebec. Endy is a direct-to-consumer online sleep solutions retailer and Hush is a digital sleep retailer. It offers a selection of mattresses, metal frames, lifestyle bases and an assortment of sleep-related products, which include pillows, pillowcases, sheets, blankets, throws, duvets, duvet covers, mattress toppers, mattress protectors, pet beds, sleep essentials, weighted blankets, headboards, bath towels, footboards, and platforms.

Sector

Home Furnishings Retailers

Calendar

2024-05-06 - Q1 2024 Earnings Release

More about the company