Sleep Country Canada Q1 profit decreased to $8.7M amidst declining same-store sales and consumer uncertainty.
Sleep Country Canada Holdings Inc. reports Q1 profit of $8.7M, down from $11.3M in 2023, with revenue increasing to $209.7M; CEO Stewart Schaefer attributes fluctuating shopping patterns to consumer uncertainty. Same-store sales were down 1.6% compared to Q1 2023. On an adjusted basis, the company earned 28 cents per diluted share, down from 37 cents a year earlier.
May 08, 2024
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